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EU regulator urges firms to restrict non-MiCA-compliant stablecoins Cointelegraph 1 week ago

EU regulator urges firms to restrict non-MiCA-compliant stablecoins 🇪🇺

Stablecoins EU MiCA European Securities and Markets Authority

The European Securities and Markets Authority (ESMA) is pressing crypto asset service providers to take immediate measures concerning stablecoins that do not comply with the Markets in Crypto-Assets (MiCA) regulation. The ESMA sets a deadline of January 31 for these firms to address any regulatory non-compliance.

This move emphasizes the EU's commitment to regulating the crypto space, specifically targeting stablecoins that may pose risks to financial stability. By implementing these measures, ESMA aims to ensure that only compliant stablecoins operate within the EU.

Source: cointelegraph.com ↗

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