--- title: "Article 50 — Prohibition of granting interest" type: regulation legal_status: in_force source: "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02023R1114-20240109" shortTitle: "Article 50 — Prohibition of granting interest" instrument_type: level1_regulation authority: Commission binding: true binding_character: binding mica_level2: false legal_basis: Regulation (EU) 2023/1114 instrument: mica celex: 32023R1114 text_version: "Consolidated version of 9 January 2024" source_url: "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02023R1114-20240109" check_status: matched verified: true last_checked: 2026-11-09 --- *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)* 1. 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. 2. [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. 3. 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. ### Related * [crypto-asset service](https://www.headlesslaw.com/definitions/mica/crypto-asset-service) — definition used in this article * [offer to the public](https://www.headlesslaw.com/definitions/mica/offer-to-the-public) — definition used in this article * [electronic money](https://www.headlesslaw.com/definitions/mica/electronic-money) — definition used in this article * [crypto-asset](https://www.headlesslaw.com/definitions/mica/crypto-asset) — definition used in this article * [issuer](https://www.headlesslaw.com/definitions/mica/issuer) — definition used in this article *** [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)