Update
Qivalis Receives Dutch Regulatory Authorization for Euro Token
Qivalis, a consortium backed by 37 major European banks including BBVA, BNP Paribas, and ING, has received an electronic money institution license from the Bank of the Netherlands (DNB) to offer on-chain euro settlement infrastructure. The consortium plans to publish a white paper and issue its token in the coming months, subject to remaining requirements under the European Union's Markets in Crypto-Assets (MiCA) regulation.