ESMA urges firms to restrict stablecoins that do not comply with MiCA regulations

Odaily News The European Securities and Markets Authority (ESMA), one of the EU’s financial market regulators and the main supervisor of MiCA compliance, recently issued a statement related to asset-referenced tokens (ARTs) or stablecoins. The agency urged crypto asset service providers (CASPs) to take urgent measures against stablecoins that do not comply with MiCA regulations.
While pushing these measures, ESMA did not specify which non-compliant issuers or stablecoins should be restricted. (Cointelegraph)