Qivalis Secures Dutch EMI License for Euro Stablecoin, but MiCA Rules Delay Launch
Photo: TheCoinrise
The fintech firm cleared a key regulatory hurdle in the Netherlands, yet additional MiCA requirements mean its stablecoin cannot go live yet. Qivalis has been granted an Electronic Money Institution license in the Netherlands, according to reports from CryptoSlate and UNLOCK Blockchain. The approval marks a formal step toward the company's plan to issue a euro-backed stablecoin within the European market. An EMI license allows a firm to issue electronic money and provide related payment services under Dutch and broader European Union oversight. For a company aiming to launch a stablecoin, holding this license is typically viewed as a prerequisite.
Also reported by Crypto News Flash.
Source: TheCoinrise
