EU regulator orders crypto firms to stop non-compliant stablecoin services

Community Trust Score Verified 85 % Real Verified 27 votes Updated 6 minutes ago The European Securities and Markets Authority (ESMA) issued an opinion on October 8 instructing authorized crypto-asset service providers in the European Union to cease services involving asset-referenced tokens or e-money tokens that do not meet the requirements of the Markets in Crypto-Assets (MiCA) regulation. The regulator stated that a stablecoin does not need to be issued in Europe to create a European compliance problem. The opinion directs licensed firms to stop offering clients services involving tokens that fall outside MiCA’s specific requirements.