EU Orders Crypto Firms to Phase Out Non-MiCA Stablecoins by January 8

TLDR: 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. ESMA’s new three-month deadline expands enforcement beyond the stablecoin restrictions [...]

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