Dutch Central Bank Grants Qivalis E-Money License Under MiCA Rules
(4 hours ago) · 1 source · Summarized by CryptoBipto
The Dutch central bank (De Nederlandsche Bank) has granted Qivalis a license to operate as an electronic money institution. The license allows Qivalis to issue a MiCA-compliant euro-denominated stablecoin. This marks another step in the European Union's implementation of its Markets in Crypto-Assets (MiCA) regulatory framework.
WHY IT MATTERS
Think of a stablecoin as a digital version of a traditional currency — in this case, the euro — that lives on a blockchain. To issue one legally in the European Union, a company now needs a special license, much like a bank needs a charter to operate. MiCA is the EU's new rulebook for crypto, and it requires stablecoin issuers to meet strict standards around reserves, transparency, and consumer protection. When a central bank grants an e-money license like this, it means the company has passed a regulatory review, similar to how a restaurant must pass a health inspection before opening. For people new to crypto, this story illustrates how governments are creating formal rules for digital currencies rather than leaving them unregulated.
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- coindesk.com
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