ESMA Orders EU Crypto Firms to Halt Non-Compliant Stablecoin Services
Photo: The Currency Analytics
Community Trust Score Verified 83 % Real Verified 42 votes Updated 1 minute ago The European Securities and Markets Authority (ESMA) issued an opinion on October 8 instructing authorized crypto-asset service providers in the European Union to cease offering services involving stablecoins that do not meet the requirements of the Markets in Crypto-Assets (MiCA) regulation. The directive applies specifically to asset-referenced tokens and e-money tokens that fall outside MiCA’s compliance framework. ESMA clarified that a stablecoin does not need to be issued in Europe to create a European compliance problem.
Source: The Currency Analytics
