According to Cointelegraph, the European Securities and Markets Authority (ESMA) told EU cryptocurrency companies to suspend any offerings that involve stablecoins that do not meet the MiCA regulatory framework. The deadline for these actions is three months from the notice.
The guidance aims to allow firms time to resolve existing holdings or arrangements that are currently outside compliance requirements. ESMA emphasized that services linked to those stablecoins must be halted while regulators work on addressing the exposures already present.
