Backed by BBVA, BNP Paribas, and ING, Qivalis secured Dutch regulatory authorization to offer onchain euro settlement infrastructure. Qivalis, a consortium backed by 37 major European banks, received a Dutch electronic money institution license, bringing it closer to issuing a euro-denominated stablecoin. The company must still meet European Union requirements, including publishing a white paper, before launching the token through banks, cryptocurrency exchanges and payment providers in the com…
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