ESMA Sets Deadline for EU Crypto Firms to Exit Non-MiCA-Compliant Stablecoins

The European Securities and Markets Authority (ESMA) has called on national regulators to ensure that crypto-asset service providers (CASPs) stop offering services tied to stablecoins that do not comply with the Markets in Crypto-Assets Regulation (MiCA).  In addition, the firms must address remaining client exposures as soon as possible and