EU regulator urges firms to restrict non-MiCA-compliant stablecoins
The European ESMA regulator has urged crypto asset service providers to take measures regarding non-MiCA-compliant stablecoins by Jan. 31.
The European Securities and Markets Authority (ESMA) is pushing firms to restrict stablecoins that don’t comply with the European Union’s new Markets in Crypto-Assets Regulation (MiCA).
ESMA — the EU’s financial markets regulator and one of the key supervisors of MiCA compliance — issued a statement related to asset-referenced tokens (ARTs), or stablecoins, on Jan. 17.
The authority urged crypto asset service providers (CASPs) to take urgent measures regarding non-MiCA-compliant stablecoins.
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Author: Helen Partz
