The European Securities and Markets Authority (ESMA) confirmed that MiCA does not explicitly ban non-compliant stablecoin custody and transfers, such as Tether’s USDt

The European Securities and Markets Authority (ESMA) confirmed that MiCA does not explicitly ban non-compliant stablecoin custody and transfers, such as Tether’s USDt.

However, it urged crypto asset service providers (CASPs) to restrict services facilitating the acquisition of such assets, adding to the ongoing uncertainty around MiCA compliance.