Add as a preferred source on GoogleEU Regulator Sets Jan. 8 Deadline for Noncompliant Stablecoins
ESMA told national regulators to require crypto service providers to remediate legacy client exposures by Jan. 8, 2027. The guidance does not name Tether or USDT.
The European Union’s securities regulator has set Jan. 8, 2027, as the deadline for crypto service providers to resolve remaining client exposures to stablecoins that do not comply with the bloc’s Markets in Crypto-Assets Regulation.
The European Securities and Markets Authority (ESMA) said Oct. 8 that national regulators should require MiCA-authorized crypto-asset service providers to stop maintaining or facilitating access to noncompliant asset-referenced and e-money tokens for EU clients.
The guidance applies to services including trading platforms, exchanges, order execution, transfers, custody, investment advice and portfolio management. It does not identify Tether, USDT or any other specific stablecoin.
Platforms may continue limited wind-down services for existing holdings, including liquidation, conversion, withdrawals, transfers and safekeeping. They should not allow clients to acquire or increase positions in the affected tokens.
The deadline is three months after ESMA published its opinion and sets a common timetable for national regulators overseeing crypto services across the EU.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.