ESMA Gives EU Crypto Firms Three Months to Wind Down Non-Compliant Stablecoin Exposure
The European Securities and Markets Authority has set a deadline of January 8, 2027 for licensed crypto asset service providers to eliminate exposure to unauthorized stablecoins.
ESMA Sets Three-Month Deadline for Stablecoin Compliance
The European Securities and Markets Authority (ESMA) issued guidance on Thursday requiring licensed crypto asset service providers (CASPs) in the EU to cease offering services related to non-compliant stablecoins to EU clients, setting a three-month deadline to address existing risk exposures, no later than January 8, 2027.
The guidance covers trading platforms, exchange, order execution, custody, transfer, investment advice, and portfolio management services under the MiCA framework. ESMA requires firms to implement technical, contractual, and organizational controls to prevent EU clients from acquiring or increasing exposure to unauthorized stablecoins.
Regulators may permit limited exit services, including liquidation, exchange, withdrawal, transfer, and custody, but such activities must be temporary in nature and subject to close supervision. This update expands on ESMA's January 2025 guidance, which already required restrictions on trading and exchange services involving non-compliant stablecoins.
Source: https://cointelegraph.com/news/esma-unauthorised-stablecoins-three-month-deadline?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Provenance & status
- Byline
- OceanAlt Editorial
- First published
- 2026-10-09
- Last updated
- 2026-10-09
- Content type
- Newsflash
- Source material
- View original ↗
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