{"release":{"id":"2d86bd12ba77a288053b34ea2517324b92d03c8039b7f5d156fa4002421384a1","published":"2026-11-10T16:06:46Z","pinned":false},"limits":{"coverage":{"history":"full","held_since":"2023-06-09","gaps":[],"covered":["MiCA L1"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"2d86bd12ba77a288053b34ea2517324b92d03c8039b7f5d156fa4002421384a1","release_published":"2026-11-10T16:06:46Z","checked_at":"2026-11-09","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mica/articles/50","url":"https://www.headlesslaw.com/mica/articles/50","title":"Article 50 — Prohibition of granting interest","family":"l1_hand","work_id":"mica","status":"in_force","force_status":"in_force","date_state":"current","requested_date":null,"as_of":"2026-11-11","applies_from":"2024-06-30","application":{"state":"applicable","next":null,"dates":[{"at":"2024-06-30","note":"Article 149(3)"}]},"version_label":"Consolidated version of 9 January 2024","check":{"against":"EUR-Lex","on":"2026-11-09"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02023R1114-20240109","valid_from":"2024-01-09","valid_until":null,"revision":1,"content_id":"266bff0453c37a0d","change_date":null,"nearest_versions":["2023-06-09","2024-01-09"],"first_text_date":"2023-05-31","correction_applies":false,"versions":["2023-06-09","2024-01-09"],"version_url":"https://www.headlesslaw.com/mica/articles/50/versions/2024-01-09","revision_url":"https://www.headlesslaw.com/mica/articles/50/versions/2024-01-09/rev/266bff0453c37a0d","versions_url":"https://www.headlesslaw.com/mica/articles/50/versions","relations_url":"https://www.headlesslaw.com/mica/articles/50/relations","source_line":null,"attribution":null},"provenance":{"official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02023R1114-20240109","check":{"result":"matched","checked_at":"2026-11-09","against":"EUR-Lex"},"repo_path":null,"body_sha256":"e672ff598a9a49d952bcc45f8514c1c2e6e88ab457daf66588c623434c08fb24","markdown_sha256":"b2b11f42cefe978e5481c2033efc430ad1d1c6957908ab9d0b552ed3c0cb2b5e"},"units":[{"locator":"mica/art/50","kind":"article","status":"in_force","label":null,"heading":"Prohibition of granting interest","text":"","marks":[],"revision":1,"text_hash":"e3b0c44298fc1c149afbf4c8996fb92427ae41e4649b934ca495991b7852b855","reason":null},{"locator":"mica/art/50/para/1","kind":"paragraph","status":"in_force","label":"1.","heading":null,"text":"Notwithstanding Article 12 of Directive 2009/110/EC, issuers of e-money tokens shall not grant interest in relation to e-money tokens.","marks":[],"revision":1,"text_hash":"9426e4ff4a008feec30495fbe9cdcbaeb8f4aea71ddf68609e7e7be18a0b761c","reason":null},{"locator":"mica/art/50/para/2","kind":"paragraph","status":"in_force","label":"2.","heading":null,"text":"Crypto-asset service providers shall not grant interest when providing crypto-asset services related to e-money tokens.","marks":[],"revision":1,"text_hash":"bce45bc21774c99796a641661c104939b138667f96d50ef8c05b599f005860ce","reason":null},{"locator":"mica/art/50/para/3","kind":"paragraph","status":"in_force","label":"3.","heading":null,"text":"For the purposes of paragraphs 1 and 2, any remuneration or any other benefit related to the length of time during which a holder of an e-money token holds such e-money token shall be treated as interest. That includes net compensation or discounts, with an effect equivalent to that of interest received by the holder of the e-money token, directly from the issuer or from third parties, and directly associated to the e-money token or from the remuneration or pricing of other products.","marks":[],"revision":1,"text_hash":"7add62587ea66a0f56e1c914c6082e9233ed1a4007cd2646e1e041222077a087","reason":null}],"markdown":"*In force · Consolidated version of 9 January 2024 · Verified 9 Nov 2026 · [Official source](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02023R1114-20240109)*\n\n1. <a id=\"p-1\"></a>Notwithstanding Article 12 of Directive 2009/110/EC, [issuers](https://www.headlesslaw.com/definitions/mica/issuer) of [e-money tokens](https://www.headlesslaw.com/definitions/mica/electronic-money-token) shall not grant interest in relation to e-money tokens.\n2. <a id=\"p-2\"></a>[Crypto-asset service providers](https://www.headlesslaw.com/definitions/mica/crypto-asset-service-provider) shall not grant interest when providing crypto-asset services related to e-money tokens.\n3. <a id=\"p-3\"></a>For the purposes of paragraphs 1 and 2, any remuneration or any other benefit related to the length of time during which a holder of an [e-money token](https://www.headlesslaw.com/definitions/mica/electronic-money-token) holds such e-money token shall be treated as interest. That includes net compensation or discounts, with an effect equivalent to that of interest received by the holder of the e-money token, directly from the [issuer](https://www.headlesslaw.com/definitions/mica/issuer) or from third parties, and directly associated to the e-money token or from the remuneration or pricing of other products.\n\n### Related\n\n* [crypto-asset service](https://www.headlesslaw.com/definitions/mica/crypto-asset-service) — definition used in this article\n* [offer to the public](https://www.headlesslaw.com/definitions/mica/offer-to-the-public) — definition used in this article\n* [electronic money](https://www.headlesslaw.com/definitions/mica/electronic-money) — definition used in this article\n* [crypto-asset](https://www.headlesslaw.com/definitions/mica/crypto-asset) — definition used in this article\n* [issuer](https://www.headlesslaw.com/definitions/mica/issuer) — definition used in this article\n\n***\n\n[Title IV — E-money tokens](../titles/iv.md) › Chapter 1 — Requirements to be fulfilled by all issuers of e-money tokens · [← Article 49](49.md) · [Article 51 →](51.md)\n"}