Qivalis said on Oct. 14 that it received an electronic money institution license from the Dutch central bank DNB, a prerequisite for launching its planned euro-denominated token. Thirty-seven European banks across 15 countries back the consortium, which plans to issue euro-denominated electronic money tokens within the coming months, subject to MiCA requirements and white-paper publication. The token is not yet live and no fixed launch date has been announced. Distribution is planned through partner banks, exchanges and payment service providers in a B2B2X model.
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