Given the importance and modernity of electronic money, and the legal and technical
challenges it poses in the monetary and electronic field, this study shed light on the legal
regulation of electronic money and related provisions and issues in accordance with Omani
law and a number of European, Asian and African legislations. To achieve this goal, the
researcher relied on the descriptive approach by dealing with legal texts and jurisprudential
efforts related to electronic money, as well as using the analytical method to review the
contents of legal provisions in Oman and a number of countries around the globe. The study
starts with an introductory chapter dealing with a review of the historical aspects of money till
to the stage of electronic money. The introductory chapter consists of two sections: the first
section describes money in general, and the second is devoted to money in the Sultanate of
Oman and the development of payment systems. Chapter one comprises four sections of the
legal and jurisprudential provisions of electronic money regarding its nature, distinguishing
from other payment systems and the obligations of the electronic money institution regarding
this money. And the second chapter consists of two sections: one of which is devoted to
electronic money issuance institutions, and the other explores the international experiences of
central bank digital currencies. At the end, several results were reached, in addition to a
number of recommendations that would contribute to strengthening the legislative structure in
the Sultanate of Oman by fundamentally amending the National Payment System Law and its
executive regulations, as well as a number of commercial laws.