The guidance extends to custody, trading, transfers and investment advice. While most services for non-compliant coins must cease, licensed firms may still offer supervised wind-down activities, including the closing of exchanges, liquidations and withdrawals to facilitate the transition.
Wednesday, October 21, 2026
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ESMA Sets Jan. 8 Deadline for EU Crypto Firms to Exit Non-MiCA Stablecoins
Crypto13 days ago
Regulators across the European Union are being pressured to eliminate the use of digital assets that fail to meet the region's newest legal standards. The European Securities and Markets Authority (ESMA) urged national authorities on Thursday to mandate that crypto-asset service providers fully exit all stablecoin exposure that does not comply with the Markets in Crypto-Assets (MiCA) regulation. These firms have three months to unwind their positions, with a final cutoff date of January 8, 2027.
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