Dutch central bank grants Qivalis e-money license for MiCA-compliant euro token

The Dutch central bank has granted Qivalis, a joint venture between BBVA, BNP Paribas, and ING, a license to issue a euro token that complies with the Markets in Crypto-Assets (MiCA) regulation.

Qivalis will use the license to offer on-chain euro settlement infrastructure, allowing for faster and more efficient transactions in the digital asset space.

This development is a significant step towards the integration of traditional finance and cryptocurrencies, and could have implications for the wider financial industry.