ESMA says national regulators should require MiCA-authorized firms to resolve EU clients’ legacy exposure to non-compliant stablecoins as soon as possible, and no later than about Jan. 8, 2027. Its Oct. 8 opinion applies existing MiCA duties to custody and transfers, not just trading.
National supervisors may permit limited, closely supervised exit services, so customers are not automatically guaranteed three months of access. The opinion names no token.
National supervisors may permit limited, closely supervised exit services, so customers are not automatically guaranteed three months of access. The opinion names no token.