By Isaac • October 3, 2026 4:41 pm •
Europe’s top securities regulator wants to close a gap that could matter to anyone holding a stablecoin the European Union does not recognize as compliant.
ESMA is asking for the rules to reach beyond trading and brokerage. Under the proposal, licensed crypto firms could also be barred from providing custody and transfer services for non-compliant stablecoins.
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The proposal goes deeper than a delisting.
In its response to the European Commission’s MiCA review, the European Securities and Markets Authority called for clearer rules covering decentralized finance, staking, lending, borrowing, token classification, and stablecoins. It also asked for stronger investor safeguards around crypto marketing, costs, and third-party promotion.
ESMA wants the authority to issue binding opinions on token
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