Stablecoin Firm Qivalis Moves Closer to Issuing Electronic Money Tokens
By PYMNTS
Source excerpt · PYMNTS
Euro-pegged stablecoin project Qivalis has received permission from the Dutch central bank to operate as an electronic money institution. The authorization from the De Nederlandsche Bank (DNB), announced Wednesday (Oct. 14), places the company under direct, ongoing supervision by DNB and fulfills a primary regulatory condition for issuing euro-denominated electronic money tokens (EMTs). “Europe’s…