Regulation
EU Orders Crypto Firms to Phase Out Non-MiCA Stablecoins by January 8
ESMA has given EU crypto firms until January 8, 2027, to phase out services involving non-MiCA stablecoins. The restrictions cover trading, custody, transfers, investment advice, and portfolio management services. EU regulators will allow limited withdrawals, transfers, and liquidation to help customers exit affected tokens.
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