Overview
- Zerohash Europe, which secured a Dutch Electronic Money Institution license Monday, can now run regulated stablecoin and e‑money flows across the EEA.
- The company already holds a MiCA authorization from the Dutch AFM, so the dual setup covers both crypto services and electronic money activity.
- EU rules treat fiat‑pegged stablecoins as e‑money tokens, which require liquid, segregated reserves and daily redemptions at face value.
- EBA guidance in 2025 and further clarifications in 2026 stated that parts of stablecoin activity must fall under e‑money law, driving the need for EMI permissions beyond MiCA.
- Zerohash powers B2B clients such as Interactive Brokers Europe, while it pursues a U.S. OCC trust charter and is reportedly in talks to raise about $250 million.