Tether USDT: the MiCA does not limit its custody and transfers
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Tether USDT: the MiCA does not limit its custody and transfers
Publish date
12:00am, Wednesday, March 5, 2025
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ESMA clarified that the custody and transfers of stablecoins are not restricted by MiCA
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ESMA, which supervises compliance with the MiCA regulation in Europe, stated that providing custody and transfer services for non-compliant stablecoins does not violate the new European laws on cryptocurrencies. These services do not constitute a public offering or a request for admission to trading of non-compliant reference tokens or electronic money tokens.
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ESMA has emphasized that European crypto-asset service providers (CASP) should prioritize the limitation of services that facilitate the acquisition of non-compliant assets. The agency reiterated that CASP can maintain “sell-only” services until March 31 to allow investors to exit their bull or bear positions.
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