> For the complete documentation index, see [llms.txt](https://www.headlesslaw.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://www.headlesslaw.com/emd/articles/10.md).

# Article 10 — Prohibition from issuing electronic money

*In force · Consolidated version of 13 January 2018 · Checked against EUR-Lex on 6 Oct 2026 ·* [*Official source*](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02009L0110-20180113)

Without prejudice to [Article 18](/emd/articles/18.md), Member States shall prohibit natural or legal persons who are not electronic money issuers from issuing electronic money.

***

[Title III — Issuance and redeemability of electronic money](/emd/titles/iii.md) · [← Article 9](/emd/articles/9.md) · [Article 11 →](/emd/articles/11.md)


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