Bank, EMI and CASP: three different roles
Start with the legal product and the entity, not with the app that displays the balance.
Explainers
Similar words. Different obligations.
Four explanations of distinctions that are easy to lose in an account or conversion workflow.
- Sheet
- 030
- Section
- Explainers
- Instrument
- Orrery
- Edition
- 12 · XI · 2026
OTC quote or order book: compare the route
Execution method changes the questions, not the need to verify the counterparty.
Issuer redemption is not a market sale
The legal claim, counterparty and currency can change even when the same token is involved.
Wallet control and source of funds answer different questions
Who can move an asset is not the same as why the business owns it.