Regulation· ★★★★· bearish·

ESMA Tells EU-Licensed Firms to Halt Services Involving Non-Compliant Stablecoins

  • —The opinion is dated October 8 and addressed to EU-authorised CASPs
  • —Covered services include trading, custody, transfers, advice and portfolio management
  • —Dropping a single trading pair is not enough to cure a token's compliance issue
  • —ESMA names no platforms and announces no enforcement action
Why it matters: EU providers will have to restrict access to some stablecoins, cutting their liquidity and distribution across the European market.
Source: NewsBTC
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