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⍰ ASK What is the role of PSA in the United Kingdom?

cryptohunter

cryptohunter

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The Payment Systems Authority (PSA) in the United Kingdom has a vital function in overseeing EMIs by guaranteeing equitable competition, creativity, and safeguarding consumers in payment systems. The PSA supervises adherence to the Payment Services Regulations, promoting effectiveness and openness. The authority of the PSA expands to essential elements of EMI operations, aiding in the development of a competitive and reliable payment framework. Its role is pivotal in cultivating a vibrant and appropriately governed atmosphere for Electronic Money Institutions in the United Kingdom.
 

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