The European Securities and Markets Authority (ESMA) has instructed EU-based crypto platforms to stop offering unauthorized stablecoins, such as Tether’s USDT, within a three-month timeframe. This directive aligns with the Markets in Crypto-Assets (MiCA) regulation, which permits only compliant stablecoins like USDC to be offered by regulated entities. Platforms must resolve existing holdings of non-compliant stablecoins, allowing only limited actions such as liquidation or transfer. This move underscores MiCA’s strict regulatory environment and could impact the availability of non-compliant stablecoins on EU-regulated platforms.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
