ESMA Issues MiCA Opinion on Non-Compliant Stablecoins and DeFi Services

1. #0109.30
   Initial2026-09-30 17:27 · publication time

   ESMA Proposes MiCA Rules for DeFi Gateways, Staking and Lending

   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.

   Source evidence: The Defiant · theblockbeats

2. #0210.03
   Escalation2026-10-03 16:00 · publication time

   ESMA proposes ending EU custody and transfer services for non-compliant stablecoins

   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.

   State after update: 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.

   Source evidence: CryptoSlate

3. #0310.03
   Escalation2026-10-03 18:27 · publication time

   ESMA proposes ending EU custody and transfer services for non-compliant stablecoins

   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.

   Source evidence: CryptoRank

4. #0410.08
   Escalation2026-10-08 09:42 · publication time

   ESMA gives crypto firms 3 months to exit non-compliant stablecoins

   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.

   Source evidence: Cointelegraph

5. #0510.08
   Escalation2026-10-08 10:13 · publication time

   【ESMA 要求欧盟加密企业 3 个月内停止非合规稳定币服务】

   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.

   State after update: 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.

   Source evidence: foresightnews · theblockbeats · wublockchainenglish · CoinDesk · CryptoTicker

6. #0610.09
   Escalation2026-10-09 07:20 · publication time

   EU regulators target non-compliant stablecoins with a 90-day deadline

   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.

   Source evidence: CryptoSlate

7. #0710.12
   Escalation2026-10-12 08:22 · publication time

   ESMA Calls for Noncompliant Stablecoin Wind-Down by Jan. 8

   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.

   Source evidence: The Defiant

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