ESMA Draws a Hard Line Around Non-Compliant Stablecoins in EU Services

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In its October 8 opinion, the European Securities and Markets Authority (ESMA) tells licensed crypto-asset service providers to stop offering services involving asset-referenced or e-money tokens that do not meet MiCA requirements. The activities covered are broad, including trading, exchange, custody, transfers, order execution, investment advice and portfolio management. A stablecoin issuer may therefore face distribution restrictions in Europe even if the token was not issued there. The opinion sets out supervisory expectations without declaring every stablecoin non-compliant or announcing enforcement against a named platform; a trading-pair delisting does not necessarily mean the token has lost its peg.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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