Custody and transfers of non-MiCA-compliant stablecoins not restricted — ESMA
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Custody and transfers of non-MiCA-compliant stablecoins not restricted — ESMA
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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According to ESMA, a key regulatory body overseeing MiCA compliance in Europe, providing custody and transfer services for non-compliant stablecoins does not violate the new European cryptocurrency laws.
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Referring to its January guidance, the ESMA reiterated that CASPs are allowed to maintain “sell-only” services — or withdrawals — until March 31 to allow investors to exit their positions.
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