Zerohash Europe has secured an Electronic Money Institution (EMI) license from De Nederlandsche Bank, making it the first firm to hold both a MiCAR license and full EMI status in Europe. The MiCAR license was granted by the Dutch Authority for the Financial Markets in October 2025; the EMI license now adds the layer regulators specifically require for stablecoin-powered financial flows.
The European Banking Authority has argued that certain stablecoin flows qualify as e-money under existing EU directives, requiring EMI authorization on top of standard MiCAR registration. Zerohash's dual-license stack means it can legally serve banks, brokerages, fintechs, payment providers, and enterprise platforms across the entire European Economic Area — a passport few competitors currently hold.
The company already powers Interactive Brokers Europe in the region and is expanding its Amsterdam…
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