ESMA requires platforms to exit non-compliant stablecoins
Start here
AI-assisted source synthesis · not an independent investigation.
On October 8, 2026, the European Securities and Markets Authority (ESMA) issued guidance requiring authorized EU crypto platforms to stop providing services that allow customers to purchase, trade, or increase their holdings of stablecoins that do not comply with the Markets in Crypto-Assets Regulation (MiCA). A follow-up report on October 9 further stated that EU crypto companies must wind down existing exposure to the relevant stablecoins by January 8, 2027, and that national financial regulators have 90 days to oversee enforcement. Individuals holding USDT are not directly prohibited, but EU service providers regulated under MiCA must stop providing related access and may offer exit services such as liquidation, conversion, withdrawal, transfer, and custody.
AI-written from reports · updated 11 days ago
Timeline
Follow the reporting to see the different sides of the story.
- CryptopolitanSelectedESMA Requires EU Crypto Firms to Exit Non-Compliant Stablecoins Within Three Months
ESMA requires EU crypto firms to unwind existing exposures to stablecoins that do not comply with MiCA by January 8, 2027, and gives national financial regulators 90 days to supervise enforcement. Individuals holding USDT are not directly prohibited, but EU service providers regulated under MiCA must stop providing relevant access, while they may continue to offer exit services such as liquidation, conversion, withdrawals, transfers and custody.
- CoinDeskSelectedESMA requires EU crypto platforms to stop services related to non-compliant stablecoins within three months
The European Securities and Markets Authority (ESMA) issued guidance requiring authorized EU crypto platforms to stop providing services that allow customers to purchase, trade, or increase their holdings of stablecoins that do not comply with MiCA requirements.