ZeroHash Europe becomes first MiCAR-licensed firm to secure e-money authorization under EBA guidance for EEA-wide stablecoin services.
ZeroHash Europe, a subsidiary of digital asset infrastructure provider ZeroHash, has obtained an Electronic Money Institution (EMI) licence from De Nederlandsche Bank (DNB). The approval enables the firm to expand stablecoin payment services across the European Economic Area (EEA).
The company previously operated under a Markets in Crypto-Assets Regulation (MiCAR) authorization granted in October 2025. The new licence aligns with the European Banking Authority’s (EBA) June 2025 no-action letter and February 2026 clarifications, which require MiCAR-licensed firms to secure additional payments or e-money authorizations for e-money token (EMT) flows by early 2026.
ZeroHash stated the licence strengthens its regulatory position, providing certainty for financial institutions, fintechs, and enterprise clients in the EEA. The move follows EBA guidance mandating dual licencing for EMT-related payment activities.