MiCA

A consortium of 10 European banks, including BNP Paribas, is developing a euro-backed stablecoin to compete with US dollar stablecoins. The project will be registered in Amsterdam under the name Qivalis and aims for launch in H2 2026.

In an exclusive interview, OKX’s Roy van Krimpen discusses the fundamental shift in the crypto market, where institutional players are now driving adoption. He explains how clearer European regulations, like MiCA, are giving banks and large corporations the confidence to enter the space, marking a new, more mature phase for digital assets.

KuCoin has secured a MiCA license from Austrian regulators, allowing it to resume operations across 27 European countries, including the Netherlands, after ceasing services last year due to a lack of proper licensing.

Dutch Bitcoin startup Blockrise has secured a MiCA license, allowing it to offer regulated Bitcoin services across the EU. The company plans to expand with a €15 million funding round and introduce Bitcoin-backed loans, aiming to become a major European player despite Bitcoin’s recent price volatility.