Changes for Stablecoins in the EU

Changes for Stablecoins in the EU

The EU is entering a new phase of regulation. After March 2, 2026, operations with electronic money tokens (EMT), including stablecoins, fall under significantly stricter requirements within the regulatory framework of MiCA and the PSD2 directive.

According to the EBA’s position, the following operations with electronic money tokens may fall under payment industry regulation:

• custody of crypto assets on behalf of clients
• administration of such assets
• transfers of EMT tokens between users

If a service operates with such functions, it must obtain two types of licenses:

• a CASP license in accordance with the MiCA regulation
• a payment institution license in accordance with PSD2

Without such a licensing structure, providing services with stablecoins after the end of the transition period may be considered a violation of regulatory requirements.

The new clarifications from the EBA show that the European crypto market is gradually integrating into the EU financial system, while compliance requirements are becoming similar to those in the traditional financial sector.

Under these conditions, the correct licensing structure becomes a key factor for the stable operation of crypto companies.

FINANCEIQ HUB LTD helps crypto projects adapt to new regulatory requirements and build a legal infrastructure for operating in the international market.