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ESMA has told EU regulators to make MiCA-licensed firms wind down client exposure to non-compliant stablecoins within three months, by about 8 January 2027.
The European Securities and Markets Authority (ESMA) has urged EU crypto firms to stop providing services involving stablecoins that aren’t compliant with the Markets in Crypto-Assets
EU regulators can allow limited services to help existing holders liquidate or transfer affected stablecoins.