E-money token (EMT) issuer notification under EU MiCA (Netherlands)
The E-money token (EMT) issuer notification under EU MiCA is issued by De Nederlandsche Bank (DNB) under Regulation (EU) 2023/1114 on markets in crypto-assets (MiCA). It can be passported to the other EU/EEA states by notification. The application fee is EUR 3,200. Ownership changes need the regulator's approval before completion.
At a glance
| Official name | E-money token (EMT) issuer notification under EU MiCA1 |
|---|---|
| Also known as | Dutch EMT issuer · E-money token issuer (Netherlands) · MiCA EMT notification (Netherlands) · Dutch EMT notification · EMT issuer |
| Issued by | De Nederlandsche Bank |
| Jurisdiction | Netherlands |
| Licence family | Stablecoin / e-money token issuer |
| Legal basis | Regulation (EU) 2023/1114 on markets in crypto-assets (MiCA)1 |
| Passporting | EU/EEA passport available |
| Application fee | EUR 3,2002 |
What it lets you do
| Issuing e-money tokens | Offering to the public, or seeking admission to trading of, a token that references the value of a single official currency. |
|---|---|
| Issuing asset-referenced tokens | Offering to the public, or seeking admission to trading of, a token that stabilises its value by referencing other assets or a basket of currencies. |
Where it is valid
Cost
Buying a company that already holds it
Prior approval required. Under Section 3:95 Wft and MiCA Articles 41 and 83, acquiring, increasing, or disposing of a qualifying holding (direct or indirect holding of 10% or more of voting rights or shares, or exercising significant influence) in a payment institution, EMI, or ART issuer requires a prior Declaration of No-Objection (DNO / VVGB) from DNB (the ECB assesses banks). Threshold bandwidth upper limits are set at 20%, 30/33%, 50%, or 100%. The statutory decision period is 60 working days from receipt of a complete application, extendable once by up to 30 working days for RFIs, governed by lex silencio positivo.3
Ready-made companies holding this licence: see verified positions.
EMT/ART in other countries
| Country | Licence | Regulator | Min. capital | Application fee | Statutory time |
|---|---|---|---|---|---|
| Luxembourg | Electronic money token issuer authorisation / notificationElectronic money token issuer authorisation / notification under MiCA Regulation | CSSF | n/a | EUR 5,000 | n/a |
| Netherlands | Asset-referenced token (ART) issuer licenceAsset-referenced token (ART) issuer licence under EU MiCA | DNB | n/a | EUR 10,000 | ~7.9 mo |
| Netherlands | E-money token (EMT) issuer notificationE-money token (EMT) issuer notification under EU MiCA | DNB | n/a | EUR 3,200 | n/a |
| Spain | MiCA EMT and ART token issuer authorization | BdE | n/a | n/a | n/a |
| United Arab Emirates | Payment Token Issuer Licence (Dirham Payment Tokens) | CBUAE | n/a | n/a | ~2.8 mo |
Values come from each licence's page, where every figure has its source.
Laws behind it
- Markets in Crypto-Assets Regulation: Regulation (EU) 2023/1114
Sources
- EUR-Lex: CELEX 32023R1114 · retrieved 2026-09-24
- wetten.overheid.nl: 2024 12 30 · retrieved 2026-09-24
- dnb.nl: dno application time frame · retrieved 2026-09-24
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