Original sourceWoofun Research
Summary
ESMA proposed expanding MiCA-related restrictions to ban custody and transfer services for non-compliant stablecoins in the EU. This would prevent licensed crypto custodians from holding or transferring non-compliant stablecoins even after delisting, stricter than January 2025 guidance that allowed…
Key points
- The market previously thought delisting was only a trading-layer issue; this proposal extends restrictions to custody, directly affecting how holders dispose of assets.
- If passed, European licensed institutions will no longer be able to custody non-compliant stablecoins for clients, potentially forcing holders to adjust positions early.
- Institutions and individuals using licensed custody in Europe must review balance composition, and compliant tokens' distribution advantage will expand.
Editorial note
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