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