🚨 JUST IN 🇪🇺
EU CRYPTO FIRMS FACE JANUARY 8 DEADLINE FOR NON-MiCA STABLECOINS
The European Securities and Markets Authority (ESMA) has ordered MiCA-authorised crypto firms to stop providing services involving stablecoins that don't comply with MiCA.
The guidance covers trading, exchanges, order execution, transfers, custody, investment advice and portfolio management. 🇪🇺
📅 Deadline: January 8, 2027
Existing client exposures must be addressed by then. Firms may still provide limited services needed to sell, convert, withdraw, transfer or safeguard affected assets during the wind-down period.
👀 USDT is likely to be one of the biggest tokens affected, given Tether's lack of an EU MiCA authorisation — but ESMA's statement applies broadly to non-compliant stablecoins, rather than naming USDT specifically.
With USDT's supply around $184 billion, the potential impact on European crypto liquidity could be significant.
🔥 Is this the beginning of a much bigger stablecoin shake-up in Europe?
#USDT #Tether #MiCA #ESMA #Stablecoins #Crypto #Bitcoin #EU
EU CRYPTO FIRMS FACE JANUARY 8 DEADLINE FOR NON-MiCA STABLECOINS
The European Securities and Markets Authority (ESMA) has ordered MiCA-authorised crypto firms to stop providing services involving stablecoins that don't comply with MiCA.
The guidance covers trading, exchanges, order execution, transfers, custody, investment advice and portfolio management. 🇪🇺
📅 Deadline: January 8, 2027
Existing client exposures must be addressed by then. Firms may still provide limited services needed to sell, convert, withdraw, transfer or safeguard affected assets during the wind-down period.
👀 USDT is likely to be one of the biggest tokens affected, given Tether's lack of an EU MiCA authorisation — but ESMA's statement applies broadly to non-compliant stablecoins, rather than naming USDT specifically.
With USDT's supply around $184 billion, the potential impact on European crypto liquidity could be significant.
🔥 Is this the beginning of a much bigger stablecoin shake-up in Europe?
#USDT #Tether #MiCA #ESMA #Stablecoins #Crypto #Bitcoin #EU