The European Securities and Markets Authority (ESMA) confirmed that the MiCA regulation does not prohibit custody and transfers of MiCA non-compliant stablecoins

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Mar 4, 2025 - 12:00am

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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.

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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Markets in Crypto Assets Regulation (MiCA)

The European Securities and Markets Authority (ESMA)

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