EU regulator gives crypto platforms 3 months to remove unapproved stablecoins

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The European Securities and Markets Authority (ESMA) has directed regulated crypto platforms to act against unauthorized stablecoins. These platforms must block new customer access to stablecoins that do not comply with the Markets in Crypto-Assets (MiCA) regulation. They have a deadline of three months to implement these restrictions. National authorities will supervise the management of existing holdings for current customers.

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