Article 1
Scope of application
This Regulation applies to the following issuers of asset-referenced tokens or e-money tokens:
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                            (a)  | 
                        
                            issuers of asset-reference tokens;  | 
                     
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                            (b)  | 
                        
                            electronic money institutions issuing significant e-money tokens;  | 
                     
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                            (c)  | 
                        
                            electronic money institutions issuing e-money tokens that are not significant, where required by the competent authority under Article 58(2) of Regulation (EU) 2023/1114.  |