The European Securities and Markets Authority (ESMA) requires crypto-asset service providers in the EU to stop providing EU customers with services related to stablecoins that do not comply with MiCA.

ESMA’s opinion covers trading, exchange, custody, asset transfer and investment advice services. Providers must also prevent customers from buying more of or increasing their holdings of these stablecoins.

Existing positions must be reduced and closed within 3 months, no later than 8 January 2027. During this period, providers may offer only limited services to support the exit of positions, such as selling, exchanging and withdrawing assets.

Source: https://tintucbitcoin.com/esma-yeu-cau-dung-dich-vu-stablecoin-khong-tuan-thu-mica/

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