POPA ReconEU Orders Exchanges to Drop Non-MiCA Stablecoins
EU Orders Exchanges to Drop Non-MiCA Stablecoins ESMA gave crypto platforms three months to stop serving EU clients in stablecoins without MiCA authorization, setting a January 8, 2027 deadline. In a formal opinion to national regulators, ESMA says platforms should not let EU clients buy, trade, swap or add to such tokens, and that warnings or disclosures are not enough. Only a time-limited wind-down is allowed: selling, converting, withdrawing, transferring or holding existing tokens. The opinion names no tokens, but CoinDesk points to Tether’s USDT and PayPal’s PYUSD as prominent examples.…
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