ESMA Gives EU Crypto Firms 3 Months to Phase Out Non-MiCA Stablecoins

European crypto exchanges face another regulatory deadline as the European Securities and Markets Authority (ESMA) calls for the removal of remaining services involving stablecoins that do not comply with the Markets in Crypto-Assets Regulation (MiCA). In an October 8 opinion, ESMA urged national regulators to identify outstanding exposure among authorized crypto-asset service providers (CASPs) and require remediation within three months, no later than January 8, 2027. The guidance affects more than token listings. Exchanges and custodians must examine whether their services continue to make non-compliant stablecoins available to EU customers, including through transfers, safekeeping and other arrangements.

Source: Crypto News Flash