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Crypto

Qubalas wins Dutch central bank EMI licence, eyes euro stablecoin issuance

European banking consortium Qubalas has obtained an electronic money institution (EMI) licence from the Dutch central bank and will move ahead with issuing a euro-denominated stablecoin. Cointelegraph reported that Qubalas plans to pursue issuance within months. It said the issuance requires meeting additional requirements under the European Union’s Markets in Crypto-Assets (MiCA) regulation and publishing a white paper. The Amsterdam-based firm will be under ongoing Dutch central bank supervision.

Crypto

Spain\'s BBVA joins EU bank stablecoin project, challenges digital dollar

Spain\'s BBVA has joined the European bank stablecoin project Qivalis. Qivalis aims to launch a euro-based stablecoin to counter the dominance of digital dollar stablecoins. With BBVA\'s participation, 12 major EU banks including BNP Paribas, ING and UniCredit are involved. Euro-pegged coins account for $860 million of the $300 billion stablecoin market. Qivalis is seeking approval from the Dutch central bank as an e-money institution and targets a token launch in the second half of 2026.