ESMA gives EU crypto firms 3 months to exit non-compliant stablecoins
Image: CointelegraphThe European Securities and Markets Authority (ESMA) has ordered EU crypto firms to halt services for non-MiCA-compliant stablecoins, setting a three-month deadline to address existing client exposures. The updated guidance covers all MiCA-regulated crypto services, including trading, custody, transfers and investment advice. Firms must implement controls to block EU clients from acquiring or increasing positions in unauthorized stablecoins. Regulators may permit limited temporary exit services for existing holders.
Key points
- ESMA set a three-month deadline for EU crypto firms to address non-MiCA-compliant stablecoin exposures.
- The updated guidance covers all MiCA-regulated crypto services including trading, custody and transfers.
- Firms must implement controls to block EU clients from acquiring or increasing positions in unauthorized stablecoins.
- Regulators may allow limited temporary exit services like liquidation for existing stablecoin holders.
Why it matters
The rules require EU crypto firms to remove non-compliant stablecoins from their services, reducing client exposure to unregulated token risks. Firms must update controls and offer exit paths for existing holders of affected stablecoins.
Sources · 2 publishers
Crypto.news
Tier 2
ESMA gives crypto firms 3 months to drop some stablecoins
Coverage timeline
- First reported by Cointelegraph
- Confirmed by Crypto.news
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
