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Dutch central bank grants Qivalis e-money license for MiCA-compliant euro token
Qivalis, a consortium backed by 37 major European banks including BBVA, BNP Paribas, and ING, has secured an electronic money institution license from the Bank of the Netherlands (DNB). This authorization allows Qivalis to issue euro-denominated electronic money tokens (EMTs), a regulated form of stablecoin, under the European Union’s Markets in Crypto-Assets (MiCA) regulation. The Amsterdam-based company plans to issue its token in the coming months, bringing it closer to offering banks and payment companies a way to transfer euros using blockchain technology.
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