Qivalis said the Electronic Money Institution authorization enables it to launch a euro-denominated stablecoin, with issuance planned for the coming months, subject to additional MiCA requirements.
European banking consortium Qivalis received Electronic Money Institution (EMI) authorization from the Dutch central bank, bringing it closer to issuing a euro-denominated stablecoin.
The Amsterdam-based company revealed the license from De Nederlandsche Bank (DNB) in a Wednesday announcement shared with Cointelegraph.
Qivalis said the EMI license subjects it to ongoing supervision by the central bank and makes it eligible to issue euro-denominated electronic money tokens.
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