Dutch central bank grants Qivalis e-money license for MiCA-compliant euro token
Backed by BBVA, BNP Paribas, and ING, Qivalis secured Dutch regulatory authorization to offer onchain euro settlement infrastructure.
AI summary
The Dutch central bank has granted Qivalis an e-money license to issue a MiCA-compliant euro stablecoin, with backing from BBVA, BNP Paribas, and ING. The authorization lets Qivalis offer onchain euro settlement infrastructure under Europe's new crypto regulatory framework. Traders may view this as a positive step for institutional adoption of blockchain-based payments in Europe, though it does not directly affect major crypto asset prices.
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