EU Gives Crypto Platforms Three Months to Clear Stablecoin Holdings

Key Takeaways EU platforms must block new exposure to non-MiCA stablecoins. The three-month period covers existing balances, not ongoing trading. USDT is the clearest major example, though ESMA has issued no fixed ticker list. Platforms may temporarily allow sales, conversions, withdrawals or safekeeping. ESMA has widened the stablecoin clean-up In its October 8 opinion , the European Securities and Markets Authority said MiCA-authorised crypto-asset service providers should cease services involving stablecoins that do not meet the regulation’s requirements. The instruction reaches further than a trading-pair removal.

Source: Coindoo