ESMA Calls for Noncompliant Stablecoin Wind-Down by Jan. 8
ESMA issued an opinion that requires noncompliant stablecoins to be wound down by Jan. 8, and the scope includes custody and transfers. The measure applies to MiCA-authorized crypto-asset service providers operating in the EU, which moves beyond earlier guidance that had allowed those services to continue.
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What can be offered now is narrower than before for noncompliant stablecoins, because custody and transfers are included in the wind-down scope. What stays in place is the MiCA authorization framework itself; the measure applies to firms already operating under it rather than creating a new category of firm. (per thedefiant.io)
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 7 days ago | EU finance ministers strike preliminary deal to centralize markets oversight under ESMA event | 1 actors in common · 2 news media |
| 8 days ago | ESMA seeks evidence on the use of tokenised collateral in central clearing event | 1 actors in common · 7 news media |
| 8 days ago | France Finance Committee Approves Three Crypto Tax Measures event | 1 actors in common · 5 news media |
| 8 days ago | BNY Enters Europe’s Regulated Crypto Market With MiCA-Approved Custody Services event | 1 actors in common · 3 news media |
| 8 days ago | EU securities regulator gives crypto platforms 3 months to remove unauthorized stablecoins event | 1 actors in common · 3 news media |