Qivalis wins Dutch EMI license, but MiCA rules block launch

Bank-backed company Qivalis said on Oct. 14 that it has received an electronic money institution (EMI) license from De Nederlandsche Bank (DNB), the Dutch central bank. The authorization meets a licensing condition for its planned token, and the issuer said 37 European banks across 15 countries back it . It plans to begin issuing euro-denominated electronic money tokens (EMTs) “within the next months,” subject to applicable requirements under the EU's Markets in Crypto-Assets Regulation (MiCA) and publication of its white paper.

Also reported by TheCoinrise.

Source: CryptoSlate