The emergence of electronic money is due:

- The development of information and cryptographic technologies that helped to keep the technical devices of monetary value and pass it on - Needs e-commerce systems that require a tool for micro breakeven. Today in Ukraine, as in the world, to store electronic money use two types of technical systems: a smart card (consciously paid payment cards or multi-use electronic purses) and computer memory. Activities Issue of smart cards with electronic money in the absence of adequate legal provisions of the law governed by the rules of issue of payment cards, which in Ukraine is carried out only by banks. However, unlike the electronic money payment card serves as identification of the holder and its purpose is a means of access to his bank account. Electronic money is the monetary obligations of the issuer in an electronic format and stored on an electronic device holder. In systems implementing electronic money payments, bank accounts are used only for input and output of the system of money: cash deposit with the issuer of electronic money issuance and cancellation of withdrawals from the account in case the issuer of electronic money for repayment. It should be noted that the international banking institutions, in particular the Bank for International Settlements and European Central Bank, considering e-money products separately from access to a bank account and establish requirements for issuers of electronic money systems, and regardless of the medium in which electronic money saved. If the banks - issuers of electronic money on smart cards are the subjects of general banking regulation and supervision by the central bank, the non-banks - issuers of electronic money stored in computer memory, carrying out activities in the Ukraine issue electronic money out of state control . To indicate that the electronic money stored in the memory of computers, the Internet may be transferred between devices participating systems (both natural and legal persons), as well as to exchange the electronic money of such systems and electronic money, nominally in other currencies. Advantages of electronic money, including the ability to instantly serve remote payments and a high level of anonymity can be used for criminal abuse. Topic: A PRACTICAL ANALYSIS OF MONETARY ISSUE