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Spain’s central bank approves euro-linked token pilot as part of sandbox initiative: Report

According to a Jan. 18 report from Spain-based news outlet Cinco Días, the Bank of Spain gave the green light to Monei to issue its EURM token as part of a testing phase expected to last between 6-12 months. The sandbox was aimed at establishing a controlled testing environment for financial innovations projects in Spain under the supervision of central bank authorities.

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Source: Cryptocurrency - investing.com

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