Dutch blockchain company Quantoz has been granted permission to issue digital euros based on the Algorand network.

BlockBeats news: On November 15th, Quantoz Payments, a payment subsidiary of Dutch blockchain company Quantoz, has obtained an Electronic Money Institution (EMI) license issued by the Dutch central bank and has been authorized to issue the first regulated and programmable Euro-denominated currency, EURD, on the Algorand network. The design of EURD fully complies with the Market in Crypto Assets Regulation (MiCAR). Gaston Hendriks, co-founder and CTO of Quantoz, said, "Developers interested in integrating EURD into their applications can use our API or our open-source payment application without requiring in-depth knowledge of blockchain."