Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
ESMA is pushing EU crypto asset service providers to delist stablecoins that do not meet MiCA requirements

ESMA is pushing EU crypto asset service providers to delist stablecoins that do not meet MiCA requirements

CointimeCointime2025/01/21 02:11
By:Cointime

According to a report by Veronika Rinecker, the European Securities and Markets Authority (ESMA) has ordered cryptocurrency asset service providers (CASP) to remove stablecoins that do not comply with the Cryptocurrency Market Regulations (MiCA). Although ESMA did not specify which non-compliant issuers or stablecoins should be restricted, this move follows the European Commission's guidelines in July 2024, aimed at clarifying how MiCA applies to cryptocurrency services involving non-compliant stablecoins.

Prior to this, the European Banking Authority (EBA) urged stakeholders to assess the MiCA compliance of the tokens they offer and to stop providing services related to non-compliant assets.

It is reported that MiCA will come into effect on June 30, 2024, establishing a regulatory framework for the issuance and trading of asset reference tokens (ART) or stablecoins and electronic monetary tokens (EMT).

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Former Football Star Ronaldinho's Token Issued Suspiciously! Blockchain Firm Explains!

Blockchain security firm GoPlus has warned investors about the STAR10 token launched by former football star Ronaldinho.

Bitcoinsistemi2025/03/03 14:00

Japanese Investment Firm Metaplanet Continues to Buy Bitcoin! Here is the Latest BTC Purchase Amount

Metaplanet purchased $13.4 million worth of BTC as part of its long-term bullish outlook on the cryptocurrency.

Bitcoinsistemi2025/03/03 14:00

Is It the Ideal Time to Buy Bitcoin (BTC) and Altcoins? This Indicator Has Given a Signal!

CryptoQuant analyst shares his simple yet historically profitable Bitcoin buying strategy.

Bitcoinsistemi2025/03/03 14:00