Dutch central bank reportedly grants Qivalis an EMI license,EUR stablecoin launch still pending completion of MiCA requirements
BIBIBI
AT A GLANCE
Qivalis reportedly obtains a license from the Dutch central bank and plans to launch a compliant EMI stablecoin.EUR
Article
Dutch central bank approves Qivalis electronic money institution license, plans to launch MiCA compliant EUR stablecoin
PANews October 14 reports, citing CoinDesk, that the Dutch central bank has granted Amsterdam-based Qivalis an electronic money institution (EMI) license, allowing it to issue euro-denominated electronic money tokens compliant with the EU Markets in Crypto-Assets Regulation (MiCA).EUR Qivalis is backed by 37 major European banks, including BBVA、BNP Paribas、ING and DZ Bank, covering 15 countries. The company plans to launch a 1: 1-pegged EUR stablecoin for on-chain EUR settlement infrastructure. Before the official launch, Qivalis still needs to fulfill MiCA outstanding requirements, including publishing a white paper. The token will be distributed mainly through banks, cryptocurrency exchanges, and payment service providers, rather than directly to consumers. After obtaining the license, Qival...
Key points
01
The Dutch central bank has granted Amsterdam-based Qivalis an electronic money institution (EMI) license.
02
The license allows Qivalis to issue electronic money tokens compliant with the EU Markets in Crypto-Assets Regulation (MiCA) and denominated in EUR euros.
03
Qivalis is backed by 37 major European banks and operates across 15 countries.
04
Qivalis plans to launch in the coming months a 1: 1-pegged EUR stablecoin for on-chain EUR settlement infrastructure.
05
Before the official launch, Qivalis still needs to fulfill MiCA outstanding requirements, including publishing a white paper.
06
The token is planned to be distributed mainly through banks, cryptocurrency exchanges, and payment service providers, rather than directly to consumers.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Qivalis is an Amsterdam-based company. Reports indicate that it has obtained an electronic money institution license and plans to issue a stablecoin pegged to EUR at a ratio of 1: 1-pegged. However, before issuance, it must complete MiCA related requirements and publish a white paper.
Why it matters to readers
If the plan proceeds, the supply of regulated EUR stablecoins may increase, and banks, exchanges, and payment service providers may see new on-chain EUR settlement and distribution use cases. These impacts still depend on the official launch and market adoption.
This indicates that EUR stablecoins may be issued with the participation of licensed institutions and the banking system. A license does not mean that the token has already been issued; the white paper and other regulatory requirements remain key follow-up matters.
Risks and unknowns
The original text states that the information comes from PANews' account of a CoinDesk report and does not provide a direct announcement from the Dutch central bank or Qivalis.
The evidence text is truncated, so the complete subsequent information cannot be confirmed.
Whether Qivalis has completed MiCA the outstanding requirements, when it will officially launch, and its actual adoption remain unclear.
Related Developments
Loading event timeline…
Related concepts
EMI
This term is not in the glossary yet. Browse related concepts in the glossary.
