# E-money token (EMT) issuer notification under EU MiCA (Netherlands)

Source page: https://protegra.io/licensing/licences/stablecoin-issuer/netherlands-emt/

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 MiCA [1] |
| --- | --- |
| 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](https://protegra.io/licensing/regulators/dnb-netherlands/) |
| Jurisdiction | [Netherlands](https://protegra.io/licensing/jurisdictions/netherlands/) |
| Licence family | [Stablecoin / e-money token issuer](https://protegra.io/licensing/licences/stablecoin-issuer/) |
| Legal basis | Regulation (EU) 2023/1114 on markets in crypto-assets (MiCA) [1] |
| Passporting | EU/EEA passport available |
| Application fee | EUR 3,200 [2] |

## What it lets you do

| [Issuing e-money tokens](https://protegra.io/licensing/activities/emt-issuance/) | 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](https://protegra.io/licensing/activities/art-issuance/) | 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

_Issued in Netherlands (gold); can be passported to the other EU/EEA states (blue) by notification._

## Cost

_Regulatory costs from the official sources above. Professional fees, staff, office and audit come on top and depend on the business model._

## 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](https://protegra.io/companies/crypto-digital-assets/).

## EMT/ART in other countries

| Country | Licence | Regulator | Min. capital | Application fee | Statutory time |
| --- | --- | --- | --- | --- | --- |
| [Luxembourg](https://protegra.io/licensing/licences/stablecoin-issuer/luxembourg/) | Electronic money token issuer authorisation / notificationElectronic money token issuer authorisation / notification under MiCA Regulation | CSSF |: | EUR 5,000 |: |
| [Netherlands](https://protegra.io/licensing/licences/stablecoin-issuer/netherlands-art/) | Asset-referenced token (ART) issuer licenceAsset-referenced token (ART) issuer licence under EU MiCA | DNB |: | EUR 10,000 | ~7.9 mo |
| Netherlands | E-money token (EMT) issuer notificationE-money token (EMT) issuer notification under EU MiCA | DNB |: | EUR 3,200 |: |
| [Spain](https://protegra.io/licensing/licences/stablecoin-issuer/spain/) | MiCA EMT and ART token issuer authorization | BdE |: |: |: |
| [United Arab Emirates](https://protegra.io/licensing/licences/stablecoin-issuer/uae/) | Payment Token Issuer Licence (Dirham Payment Tokens) | CBUAE |: |: | ~2.8 mo |

Values come from each licence's page, where every figure has its source.

## Laws behind it

- [Markets in Crypto-Assets Regulation](https://protegra.io/licensing/laws/eu-mica-2023-1114/): Regulation (EU) 2023/1114

## Sources

1. [EUR-Lex: CELEX 32023R1114](https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32023R1114): retrieved 2026-09-24
2. [wetten.overheid.nl: 2024 12 30](https://wetten.overheid.nl/BWBR0041647/2024-12-30): retrieved 2026-09-24
3. [dnb.nl: dno application time frame](https://www.dnb.nl/en/sector-information/open-book-supervision/open-book-supervision-themes/declaration-of-no-objection/dno-application-time-frame/): retrieved 2026-09-24

Last verified 2026-09-24 · Author: Danil Marmysh · Reviewed by Anastasia Sidorenkova · © Protegra. Data: CC BY 4.0, cite "Protegra Licensing Atlas". Not legal advice.