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⍰ ASK What is the disadvantage of using electronic money institutions in France?

Unlike traditional banks, EMI in France may lack deposit protection, risking funds in case of insolvency. The regulatory landscape for EMIs is changing, impacting services and terms, creating uncertainty for users.

Security is also a concern. despite measure, digital transactions are vulnerable to cyber threats.

User must stay vigilant to protect their electronic money accounts from unauthorized access and potential financial losses.
 

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