ESMA Stablecoin Rules Urge Service Halt for Non-Compliant Tokens
European securities regulators call on firms to halt services for non-compliant stablecoin tokens under new rules.
The European Securities and Markets Authority (ESMA) has issued new stablecoin regulations urging financial firms and service providers to halt operations for non-compliant tokens, according to The Cryptonomist. The directive focuses on tightening compliance standards across digital asset markets within the region.
Regulatory Enforcement
Instant Telegram notifications for large on-chain moves.
According to The Cryptonomist, the guidance directs market participants to review their current token offerings and immediately suspend support for assets that fail to meet the newly established regulatory framework.
Key facts
- The European Securities and Markets Authority (ESMA) issued the stablecoin regulation
- Firms are urged to halt services for non-compliant tokens
- The directive targets digital asset service providers operating within the jurisdiction
Source: news.google.com
This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.
