{ "version": 1, "event_id": "evt_58a4143bdf8ddcea", "url": "https://xiyu.news/events/evt_58a4143bdf8ddcea/", "json": "https://xiyu.news/api/events/evt_58a4143bdf8ddcea.json", "type": "regulatory_action", "status": "developing", "category": "policy", "title": { "zh": "ESMA 发布 MiCA 意见，要求不合规稳定币有序清退并规范 DeFi 服务", "en": "ESMA Issues MiCA Opinion on Non-Compliant Stablecoins and DeFi Services" }, "current_state": { "zh": "ESMA发布意见，要求不符合MiCA规定的稳定币在1月8日前逐步清退，并将该要求扩大至此前指引允许继续开展的托管和转移服务。", "en": "ESMA issued an opinion ordering the wind-down of MiCA-noncompliant stablecoins by January 8, expanding the requirement to cover custody and transfer services that earlier guidance had permitted to continue." }, "first_seen_at": "2026-09-30T18:04:05.792227+00:00", "last_updated_at": "2026-10-12T10:40:57.621742+00:00", "last_material_change_at": "2026-10-12T10:40:57.621742+00:00", "confidence": 0.75, "updates_count": 7, "sources_count": 12, "entities": [ "calls", "custody", "down", "esma", "gateways", "jan", "lending", "mica", "noncompliant", "proposes", "rules", "stablecoin", "stablecoins", "staking", "wind" ], "identifiers": [], "topics": [ "compliance", "crypto-custody", "crypto-regulation", "custody", "esma", "eu-crypto", "eu-regulation", "market-access", "mica", "stablecoin-regulation", "stablecoins" ], "updates": [ { "update_id": "upd_ce3108f59311d011", "event_id": "evt_58a4143bdf8ddcea", "occurred_at": "2026-09-30T17:27:11Z", "published_at": "2026-09-30T17:27:11Z", "first_seen_at": "2026-09-30T18:04:05.792227Z", "time_precision": "published", "update_type": "initial", "material_change": true, "title_zh": "ESMA 提议针对 DeFi 网关、质押和借贷的 MiCA 规则", "title_en": "ESMA Proposes MiCA Rules for DeFi Gateways, Staking and Lending", "what_changed_zh": "ESMA 提议的 MiCA 规则将要求 DeFi 网关、质押和借贷服务获得牌照，并禁止加密公司提供涉及不合规稳定币的 MiCA 可许可服务。", "what_changed_en": "ESMA proposed MiCA rules that would require licensing for DeFi gateways, staking, and lending services and bar crypto firms from offering MiCA-licensable services involving noncompliant stablecoins.", "current_state_zh": "ESMA 提议的 MiCA 规则将要求 DeFi 网关、质押和借贷服务获得牌照，并禁止加密公司提供涉及不合规稳定币的 MiCA 可许可服务。", "current_state_en": "ESMA proposed MiCA rules that would require licensing for DeFi gateways, staking, and lending services and bar crypto firms from offering MiCA-licensable services involving noncompliant stablecoins.", "detailed_summary_zh": "ESMA proposed MiCA rules that would require licensing for DeFi gateways, staking, and lending services and bar crypto firms from offering MiCA-licensable services involving noncompliant stablecoins.", "detailed_summary_en": "ESMA proposed MiCA rules that would require licensing for DeFi gateways, staking, and lending services and bar crypto firms from offering MiCA-licensable services involving noncompliant stablecoins.", "background_zh": "", "background_en": "", "community_discussion_zh": "", "community_discussion_en": "", "market_impact_zh": "", "market_impact_en": "", "importance_score": 8.0, "references": [], "confidence": 0.75, "story_ids": [ "rss:thedefiant.io_api_feed:43bfb40bcbb2e91d", "telegram:theblockbeats:198523" ], "sources": [ { "url": "https://thedefiant.io/converge/regulation/esma-proposes-mica-rules-for-defi-gateways-staking-and-lending", "label": "The Defiant", "source_type": "rss", "official": false }, { "url": "https://m.theblockbeats.info/flash/369842?from=telegram", "label": "theblockbeats", "source_type": "telegram", "official": false } ] }, { "update_id": "upd_66923364933fdcc8", "event_id": "evt_58a4143bdf8ddcea", "occurred_at": "2026-10-03T16:00:54Z", "published_at": "2026-10-03T16:00:54Z", "first_seen_at": "2026-10-03T16:35:03.570425Z", "time_precision": "published", "update_type": "escalation", "material_change": true, "title_zh": "ESMA 提议终止欧盟对不合规稳定币的托管和转账服务", "title_en": "ESMA proposes ending EU custody and transfer services for non-compliant stablecoins", "what_changed_zh": "ESMA 2026年9月30日的MiCA审查回应进一步提议将不合规稳定币限制扩展至托管和转移服务，可能使现有持有者在交易对下架后失去持牌托管人的服务渠道。", "what_changed_en": "ESMA's September 30, 2026 MiCA review response further proposes extending non-compliant stablecoin restrictions to custody and transfer services, potentially removing licensed-custodian access for existing holders after trading pairs are delisted.", "current_state_zh": "ESMA提议的MiCA规则要求DeFi网关、质押和借贷服务获得许可，禁止加密公司提供涉及不合规稳定币的MiCA可许可服务，并进一步提议将限制扩展至不合规稳定币的托管和转移服务。", "current_state_en": "ESMA proposed MiCA rules requiring licensing for DeFi gateways, staking and lending services, barring crypto firms from offering MiCA-licensable services involving non-compliant stablecoins, and further proposing to extend restrictions to custody and transfer services for non-compliant stablecoins.", "detailed_summary_zh": "ESMA has proposed extending MiCA restrictions on non-compliant stablecoins to custody and transfer services, which would strip EU holders of licensed-custodian access to those tokens once their trading pairs are removed.", "detailed_summary_en": "ESMA has proposed extending MiCA restrictions on non-compliant stablecoins to custody and transfer services, which would strip EU holders of licensed-custodian access to those tokens once their trading pairs are removed.", "background_zh": "", "background_en": "", "community_discussion_zh": "", "community_discussion_en": "", "market_impact_zh": "", "market_impact_en": "", "importance_score": 7.5, "references": [], "confidence": 0.9, "story_ids": [ "rss:cryptoslate.com_feed_:51ec768099d4cd99" ], "sources": [ { "url": "https://cryptoslate.com/esma-proposes-ending-eu-custody-and-transfer-services-for-non-compliant-stablecoins/", "label": "CryptoSlate", "source_type": "rss", "official": false } ] }, { "update_id": "upd_5acbd6723af02d1e", "event_id": "evt_58a4143bdf8ddcea", "occurred_at": "2026-10-03T18:27:26Z", "published_at": "2026-10-03T18:27:26Z", "first_seen_at": "2026-10-03T23:14:49.781355Z", "time_precision": "published", "update_type": "escalation", "material_change": true, "title_zh": "ESMA提议终止对不合规稳定币的欧盟托管和转账服务", "title_en": "ESMA proposes ending EU custody and transfer services for non-compliant stablecoins", "what_changed_zh": "ESMA提议终止对不合规稳定币的欧盟托管和转账服务，收紧对在欧盟运营的稳定币发行方和服务提供商的MiCA规则执行。", "what_changed_en": "ESMA has proposed ending EU custody and transfer services for non-compliant stablecoins, tightening enforcement of MiCA rules on stablecoin issuers and service providers operating in the bloc.", "current_state_zh": "ESMA提议终止对不合规稳定币的欧盟托管和转账服务，收紧对在欧盟运营的稳定币发行方和服务提供商的MiCA规则执行。", "current_state_en": "ESMA has proposed ending EU custody and transfer services for non-compliant stablecoins, tightening enforcement of MiCA rules on stablecoin issuers and service providers operating in the bloc.", "detailed_summary_zh": "ESMA has proposed ending EU custody and transfer services for non-compliant stablecoins, tightening enforcement of MiCA rules on stablecoin issuers and service providers operating in the bloc.", "detailed_summary_en": "ESMA has proposed ending EU custody and transfer services for non-compliant stablecoins, tightening enforcement of MiCA rules on stablecoin issuers and service providers operating in the bloc.", "background_zh": "", "background_en": "", "community_discussion_zh": "", "community_discussion_en": "", "market_impact_zh": "", "market_impact_en": "", "importance_score": 7.5, "references": [], "confidence": 0.75, "story_ids": [ "google_news:article:1a3deeefd32c1a9e" ], "sources": [ { "url": "https://cryptorank.io/news/feed/3b82e-esma-proposes-ending-eu-custody-and-transfer-services-for-non-compliant-stablecoins", "label": "CryptoRank", "source_type": "google_news", "official": false } ] }, { "update_id": "upd_3ce8e378213bf66a", "event_id": "evt_58a4143bdf8ddcea", "occurred_at": "2026-10-08T09:42:04Z", "published_at": "2026-10-08T09:42:04Z", "first_seen_at": "2026-10-08T11:11:15.985133Z", "time_precision": "published", "update_type": "escalation", "material_change": true, "title_zh": "ESMA给加密公司3个月时间退出不合规稳定币", "title_en": "ESMA gives crypto firms 3 months to exit non-compliant stablecoins", "what_changed_zh": "ESMA要求欧盟监管机构确保获得MiCA牌照的加密公司停止所有涉及不合规稳定币的服务，并设定2027年1月8日为清退现有敞口的硬性截止日期。", "what_changed_en": "ESMA told EU regulators to ensure MiCA-licensed crypto firms halt all services involving non-compliant stablecoins, setting a hard deadline of Jan. 8, 2027 to wind down existing exposures.", "current_state_zh": "ESMA要求欧盟监管机构确保获得MiCA牌照的加密公司停止所有涉及不合规稳定币的服务，并设定2027年1月8日为清退现有敞口的硬性截止日期。", "current_state_en": "ESMA told EU regulators to ensure MiCA-licensed crypto firms halt all services involving non-compliant stablecoins, setting a hard deadline of Jan. 8, 2027 to wind down existing exposures.", "detailed_summary_zh": "ESMA told EU regulators to ensure MiCA-licensed crypto firms halt all services involving non-compliant stablecoins, setting a hard deadline of Jan. 8, 2027 to wind down existing exposures.", "detailed_summary_en": "ESMA told EU regulators to ensure MiCA-licensed crypto firms halt all services involving non-compliant stablecoins, setting a hard deadline of Jan. 8, 2027 to wind down existing exposures.", "background_zh": "", "background_en": "", "community_discussion_zh": "", "community_discussion_en": "", "market_impact_zh": "", "market_impact_en": "", "importance_score": 8.0, "references": [], "confidence": 0.75, "story_ids": [ "rss:cointelegraph.com_rss:a559a6f8d05fc2af" ], "sources": [ { "url": "https://cointelegraph.com/news/esma-unauthorised-stablecoins-three-month-deadline?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound", "label": "Cointelegraph", "source_type": "rss", "official": false } ] }, { "update_id": "upd_93d3ac03d7e6b6cb", "event_id": "evt_58a4143bdf8ddcea", "occurred_at": "2026-10-08T10:13:28Z", "published_at": "2026-10-08T10:13:28Z", "first_seen_at": "2026-10-08T11:11:04.352503Z", "time_precision": "published", "update_type": "escalation", "material_change": true, "title_zh": "【ESMA 要求欧盟加密企业 3 个月内停止非合规稳定币服务】", "title_en": "【ESMA 要求欧盟加密企业 3 个月内停止非合规稳定币服务】", "what_changed_zh": "ESMA发布意见，要求欧盟加密企业在三个月内停止涉及不合规稳定币的服务，并设定2027年1月8日为各国监管机构完成风险敞口处理的最后期限；该意见扩展了2025年1月的指引，将适用范围扩大至交易平台、兑换、订单执行、托管、转账、投资建议与投资组合管理等所有MiCA监管服务。", "what_changed_en": "ESMA issued an opinion requiring EU crypto firms to cease services involving non-compliant stablecoins within three months, setting a January 8, 2027 deadline for national regulators to wind down remaining exposures; the opinion expands January 2025 guidance to cover all MiCA-regulated crypto services including trading platforms, exchange, order execution, custody, transfer, investment advice and portfolio management.", "current_state_zh": "ESMA已发布意见，要求欧盟加密企业在2027年1月8日前停止涉及不合规稳定币的服务，各国监管机构将据此执行，允许有限临时服务用于客户退出头寸。", "current_state_en": "ESMA has issued an opinion requiring EU crypto firms to cease services involving non-compliant stablecoins by January 8, 2027, with national regulators expected to enforce; limited temporary services are allowed for clients to exit positions.", "detailed_summary_zh": "ESMA issued an opinion requiring EU crypto firms to cease services involving MiCA-non-compliant stablecoins within three months, giving national regulators a deadline of 8 January 2027 to have remaining exposures wound down.", "detailed_summary_en": "ESMA issued an opinion requiring EU crypto firms to cease services involving MiCA-non-compliant stablecoins within three months, giving national regulators a deadline of 8 January 2027 to have remaining exposures wound down.", "background_zh": "MiCA的稳定币规则自2024年6月起适用，要求面向欧盟用户发行的美元和欧元挂钩代币发行方满足授权、准备金、赎回和披露要求；ESMA将此类代币称为资产参照型代币（ART）和电子货币代币（EMT）。MiCA针对加密平台的完整规则于7月1日生效，未获授权的公司必须停止向欧盟客户提供服务。此次新指引以面向各国监管机构的“意见”形式发布。", "background_en": "MiCA's stablecoin rules began applying in June 2024, requiring issuers of dollar- and euro-pegged tokens offered to EU users to meet authorization, reserve, redemption and disclosure requirements; ESMA refers to such tokens as asset-referenced tokens (ARTs) and e-money tokens (EMTs). MiCA's full rules for crypto platforms took effect on July 1, forcing firms without authorization to stop serving clients in the bloc. The new guidance takes the form of an opinion directed at national authorities.", "community_discussion_zh": "", "community_discussion_en": "", "market_impact_zh": "该指引直接影响到欧盟用户对按市值计最大稳定币USDT的获取：获授权平台不得再提供新的交易与增持渠道，清理期内仅保留卖出、兑换、转移和提取通道。受影响的交易平台在欧盟境内面临下架与合规义务，欧盟的稳定币分销和交易流动性将向获MiCA授权的代币转移，而各平台清理节奏由各国监管机构决定。", "market_impact_en": "The guidance directly affects EU users' access to USDT, the largest stablecoin by market value, by cutting off new trading and accumulation through authorized platforms while permitting only sell, convert, transfer and withdrawal routes during the wind-down. Affected venues face delisting and compliance obligations in the bloc, shifting EU stablecoin distribution and trading liquidity toward MiCA-authorized tokens, with national regulators determining the pace of individual wind-downs.", "importance_score": 8.5, "references": [ { "url": "https://swissborg.com/blog/mica-regulation-stablecoins", "title": "MiCA Regulation Explained: EU Rules for Crypto and Stablecoins" }, { "url": "https://blog.amlbot.com/understanding-eu-mica-regulation-stablecoins-compliance-challenges-and-circle-case-study/", "title": "MiCA Rules for Stablecoins: ART & EMT Compliance Explained" }, { "url": "https://cryptoslate.com/coins/tether/", "title": "Tether price today, USDT to USD chart, marketcap and... | CryptoSlate" } ], "confidence": 0.9, "story_ids": [ "telegram:foresightnews:119937", "telegram:theblockbeats:199482", "telegram:wublockchainenglish:26327", "rss:www.coindesk.com_arc_outboundfeeds_rss_:431ada5249716de5", "google_news:article:97367297cacbdca7" ], "sources": [ { "url": "https://foresightnews.pro/news/h5Detail/114761", "label": "foresightnews", "source_type": "telegram", "official": false }, { "url": "https://m.theblockbeats.info/flash/370799?from=telegram", "label": "theblockbeats", "source_type": "telegram", "official": false }, { "url": "https://wublockchain.xyz/news/news-21155", "label": "wublockchainenglish", "source_type": "telegram", "official": false }, { "url": "https://www.coindesk.com/policy/2026/10/08/eu-securities-regulator-gives-crypto-platforms-3-months-to-remove-unauthorized-stablecoins", "label": "CoinDesk", "source_type": "rss", "official": false }, { "url": "https://cryptoticker.io/en/esma-stablecoin-deadline-usdt-exit", "label": "CryptoTicker", "source_type": "google_news", "official": false } ] }, { "update_id": "upd_ffc61bc4d7898447", "event_id": "evt_58a4143bdf8ddcea", "occurred_at": "2026-10-09T07:20:02Z", "published_at": "2026-10-09T07:20:02Z", "first_seen_at": "2026-10-09T11:20:58.261891Z", "time_precision": "published", "update_type": "escalation", "material_change": true, "title_zh": "欧盟监管机构对不合规稳定币设定90天期限", "title_en": "EU regulators target non-compliant stablecoins with a 90-day deadline", "what_changed_zh": "ESMA发布意见，要求各国监管机构强制MiCA授权公司在三个月内处理欧盟客户对不合规稳定币的风险敞口，在此期间仅允许在严格监管下进行清算、转换、提现、转移或保管。", "what_changed_en": "ESMA issued an opinion requiring national regulators to force MiCA-authorized firms to remediate EU clients' exposure to non-compliant stablecoins within three months, with only narrowly supervised liquidation, conversion, withdrawal, transfer or safekeeping allowed in the interim.", "current_state_zh": "ESMA发布意见，要求各国监管机构强制MiCA授权公司在三个月内处理欧盟客户对不合规稳定币的风险敞口，在此期间仅允许在严格监管下进行清算、转换、提现、转移或保管。", "current_state_en": "ESMA issued an opinion requiring national regulators to force MiCA-authorized firms to remediate EU clients' exposure to non-compliant stablecoins within three months, with only narrowly supervised liquidation, conversion, withdrawal, transfer or safekeeping allowed in the interim.", "detailed_summary_zh": "ESMA issued an opinion requiring national regulators to force MiCA-authorized firms to remediate EU clients' exposure to non-compliant stablecoins within three months, with only narrowly supervised liquidation, conversion, withdrawal, transfer or safekeeping allowed in the interim.", "detailed_summary_en": "ESMA issued an opinion requiring national regulators to force MiCA-authorized firms to remediate EU clients' exposure to non-compliant stablecoins within three months, with only narrowly supervised liquidation, conversion, withdrawal, transfer or safekeeping allowed in the interim.", "background_zh": "MiCA的稳定币规则涵盖资产参考代币（ART）和电子货币代币（EMT），自2024年6月起适用，要求面向欧盟用户发行的美元和欧元挂钩代币的发行方满足授权、储备、赎回和信息披露要求。ESMA在2025年1月17日的声明中限制了构成向公众发售的交易及其他服务，但为单纯的托管和转移留出空间；此次新意见是对该指引的补充，并在ESMA另行提出的“立法禁止一切涉及不合规稳定币的可许可服务”诉求之上，增加了时间表和受监督的退出安排。", "background_en": "MiCA's stablecoin rules — covering asset-referenced tokens and e-money tokens — began applying in June 2024, requiring issuers of dollar- and euro-pegged tokens offered to EU users to meet authorization, reserve, redemption and disclosure requirements. An earlier ESMA statement on Jan. 17, 2025 restricted trading and other services constituting public offers while leaving mere custody and transfers open; the new opinion complements that guidance and adds a timetable and supervised exit arrangements to ESMA's separate request for legislation prohibiting all licensable services involving non-compliant stablecoins.", "community_discussion_zh": "", "community_discussion_en": "", "market_impact_zh": "传导路径在于欧盟市场准入：欧洲经济区内获得MiCA授权的交易所和托管机构可能需要缩减或调整涉及USDT等不合规代币的服务，这可能影响这些平台面向欧盟客户的订单簿流动性以及充提可用性。该意见针对的是通过受监管欧盟机构获取的敞口，并未在全球范围禁止持有此类代币，因此影响集中于欧盟受监管平台及其EEA客户群，而非非欧盟平台或自托管持仓。", "market_impact_en": "The transmission runs through EU market access: MiCA-authorized exchanges and custodians in the EEA may have to curtail or restructure services touching non-compliant tokens such as USDT, which can affect EU client order-book liquidity and deposit/withdrawal availability on those venues. The opinion concerns access via regulated EU firms and does not impose a worldwide ban on holding such tokens, so exposure is concentrated in EU-regulated venues and their EEA customer base rather than in non-EU or self-custodied holdings.", "importance_score": 8.0, "references": [ { "url": "https://cryptoslate.com/eu-regulators-target-non-compliant-stablecoins-with-a-90-day-deadline/", "title": "EU regulators target non-compliant stablecoins with a 90-day deadline" }, { "url": "https://www.coindesk.com/policy/2026/10/08/eu-securities-regulator-gives-crypto-platforms-3-months-to-remove-unauthorized-stablecoins", "title": "ESMA gives EU crypto platforms 3 months to drop non-MiCA..." }, { "url": "https://crypto.news/esma-gives-crypto-firms-3-months-to-drop-stablecoins/", "title": "ESMA gives crypto firms 3 months to drop some stablecoins" } ], "confidence": 0.75, "story_ids": [ "rss:cryptoslate.com_feed_:c04cebe5b06ce331" ], "sources": [ { "url": "https://cryptoslate.com/eu-regulators-target-non-compliant-stablecoins-with-a-90-day-deadline/", "label": "CryptoSlate", "source_type": "rss", "official": false } ] }, { "update_id": "upd_50cee9e789041414", "event_id": "evt_58a4143bdf8ddcea", "occurred_at": "2026-10-12T08:22:07Z", "published_at": "2026-10-12T08:22:07Z", "first_seen_at": "2026-10-12T10:40:57.621742Z", "time_precision": "published", "update_type": "escalation", "material_change": true, "title_zh": "ESMA呼吁不合规稳定币在1月8日前逐步清退", "title_en": "ESMA Calls for Noncompliant Stablecoin Wind-Down by Jan. 8", "what_changed_zh": "ESMA发布意见，要求不符合MiCA规定的稳定币在1月8日前逐步清退，并将该要求扩大至此前指引允许继续开展的托管和转移服务。", "what_changed_en": "ESMA issued an opinion ordering the wind-down of MiCA-noncompliant stablecoins by January 8, expanding the requirement to cover custody and transfer services that earlier guidance had permitted to continue.", "current_state_zh": "ESMA发布意见，要求不符合MiCA规定的稳定币在1月8日前逐步清退，并将该要求扩大至此前指引允许继续开展的托管和转移服务。", "current_state_en": "ESMA issued an opinion ordering the wind-down of MiCA-noncompliant stablecoins by January 8, expanding the requirement to cover custody and transfer services that earlier guidance had permitted to continue.", "detailed_summary_zh": "ESMA issued an opinion ordering the wind-down of MiCA-noncompliant stablecoins by January 8, expanding the requirement to cover custody and transfer services that earlier guidance had permitted to continue.", "detailed_summary_en": "ESMA issued an opinion ordering the wind-down of MiCA-noncompliant stablecoins by January 8, expanding the requirement to cover custody and transfer services that earlier guidance had permitted to continue.", "background_zh": "", "background_en": "", "community_discussion_zh": "", "community_discussion_en": "", "market_impact_zh": "", "market_impact_en": "", "importance_score": 8.0, "references": [], "confidence": 0.75, "story_ids": [ "rss:thedefiant.io_api_feed:c179748ca4bbd354" ], "sources": [ { "url": "https://thedefiant.io/converge/regulation/esma-calls-for-noncompliant-stablecoin-wind-down-by-jan-8", "label": "The Defiant", "source_type": "rss", "official": false } ] } ] }