ESMA gives crypto firms 3 months to exit non-compliant stablecoins
ESMA urged EU crypto firms to halt services involving non-MiCA-compliant stablecoins, giving regulators three months to address existing exposures.
The European Securities and Markets Authority (ESMA) has urged EU crypto firms to stop providing services involving stablecoins that aren’t compliant with the Markets in Crypto-Assets Regulation (MiCA) framework, setting a three-month deadline to address existing exposures.
On Thursday, ESMA said national regulators should require companies to address remaining exposures to non-compliant stablecoins as soon as possible and no later than Jan. 8, 2027.
“Crypto-asset service providers (CASPs) authorised under MiCA should cease providing services related to non-MiCA-compliant stablecoins to clients in the European Union,” ESMA wrote.