EU Regulators Tighten Stablecoin Rules and Advance Digital Euro

European regulators are tightening access to noncompliant stablecoins while planning a digital-euro pilot and urging early preparation for quantum threats that could compromise crypto wallets. On Oct. 8, the European Securities and Markets Authority (ESMA) told crypto-asset service providers authorized under the Markets in Crypto-Assets Regulation (MiCA) to stop providing services involving non-MiCA-compliant asset-referenced tokens and e-money tokens, commonly known as stablecoins. National authorities are expected to require firms to address existing client exposures as soon as possible and no later than three months after the opinion’s publication.

Source: TokenPost