ESMA has issued a new supervisory opinion clarifying how MiCA-authorised CASPs must handle stablecoins that do not comply with EU regulatory requirements.
Under ESMA's expectations, CASPs should stop offering EU clients services involving non-compliant asset-referenced tokens (ARTs) and e-money tokens (EMTs).
🔎 What does this mean for businesses?
The requirements affect a wide range of activities, including:
✓ Exchange and trading services
✓ Custody and wallet services
✓ Transfers and transaction execution
✓ Investment and portfolio management
⏳ Three-Month Remediation Period
Where existing non-compliant exposures remain, national regulators should require remediation as soon as possible and no later than three months after the opinion's publication.
During this period, any continued services should be limited to necessary activities such as conversion, withdrawal, transfer or safekeeping, under regulatory supervision.
⚖️ Why Is This Important?
MiCA compliance goes beyond obtaining authorisation. CASPs must continuously review supported assets, internal procedures and operational controls to meet evolving regulatory expectations.
🤝 How FinanceIQ Hub Can Help
FinanceIQ Hub supports financial technology and digital asset businesses with:
✓ MiCA CASP Authorisation Support
✓ Regulatory & Compliance Consulting
✓ AML/KYC/KYT Frameworks
✓ Banking & Payment Infrastructure Solutions
📩 Preparing for MiCA authorisation or reviewing your compliance framework? Contact FinanceIQ Hub.
This article reflects information available at publication. Requirements may change; confirm current rules with the relevant regulator before acting.
