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Dutch regulator grants licence for euro stablecoin issuer Qivalis

Original: DNB gaf Qivalis op 13 oktober een vergunning als elektronischgeldinstelling. Daarmee mag het bedrijf achter de euro-stab

The Dutch central bank DNB granted Qivalis an electronic money institution licence on 13 October. This allows the company, backed by 37 European banks including ING, ABN AMRO, Rabobank and KBC, to issue a euro-backed stablecoin as an e-money token. However, the coin does not exist yet, as further approval from DNB is still required before launch.

Why now: A major bank consortium moving into regulated euro stablecoins is significant news for European crypto and payments.

QivalisDNBINGABN AMRORabobank

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