ESMA requires crypto firms to wind down non-compliant stablecoin operations within 3 months.

According to Cointelegraph, the European Securities and Markets Authority (ESMA) has urged EU crypto companies to stop offering services involving stablecoins that do not comply with the Markets in Crypto-Assets Regulation (MiCA) framework, setting a three-month deadline to address existing risk exposures. ESMA stated that national regulators should require the relevant companies to resolve any remaining non-compliant stablecoin exposures by no later than January 8, 2027.