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This Regulation shall not apply to persons that have no activity other than to convert paper documents into electronic data and that do so pursuant to a contract with a payment service provider, or to persons that have no activity other than to provide payment service providers with messaging or other support systems for transmitting funds or with clearing and settlement systems. This Regulation shall not apply to a transfer of funds where any of the following conditions is met: (a) it involves the payer withdrawing cash from the payer’s own payment account; (b) it constitutes a transfer of funds to a public authority as payment for taxes, fines or other levies within a Member State; (c) both the payer and the payee are payment service providers acting on their own behalf; (d) it is carried out through cheque images exchanges, including truncated cheques. This Regulation shall not apply to a transfer of crypto-assets where any of the following conditions is met: (a) both the originator and the beneficiary are crypto-asset service providers acting on their own behalf; (b) the transfer constitutes a person-to-person transfer of crypto-assets carried out without the involvement of a crypto-asset service provider. Electronic money tokens, as defined in Article 3(1), point (7), of Regulation (EU) 2023/1114, shall be treated as crypto-assets under this Regulation.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04