ESMA Draws a Hard Line Around Non-Compliant Stablecoins in EU Services
TL;DR: ESMA says EU-licensed crypto service suppliers ought to stop companies involving stablecoins that don’t meet MiCA necessities. A stablecoin doesn’t have to be issued in Europe to create a European compliance drawback. ESMA’s October 8 opinion tells authorised crypto-asset service suppliers to cease providing shoppers companies involving asset-referenced or e-money tokens that fall exterior…