According to FinanceFeeds, the European Securities and Markets Authority (ESMA) has given cryptocurrency companies until March 31 to comply with the new European Union stablecoin rules. The regulation is part of the broader Crypto Asset Markets (MiCA) framework and requires companies to restrict or remove stablecoins that do not meet the standards.
MiCA's stablecoin regulations take effect from mid-2024, but ESMA now wants businesses to complete the changes by the end of Quarter 1. Until then, businesses can keep non-compliant stablecoins for sale but not for purchase, the regulator said. It warned that delays could disrupt the market.
European Union ESMA Orders Cryptocurrency Firms to Comply with New Stablecoin Regulations by March 31
2025-01-29 07:27:25
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