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

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

The European Securities and Markets Authority wants to extend Europe’s restrictions on non-compliant stablecoins beyond trading to the services that let customers keep and move them. If adopted as proposed, the change would remove the option of leaving such tokens with a licensed custodian after their trading pairs disappear. In its September 30, 2026 response

ESMA Proposal Could Cut Non-Compliant Stablecoins Off From EU Custody and Transfers

ESMA wants MiCA restrictions to reach custody and transfers for non-compliant stablecoins, raising a major unresolved question for existing holders.

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

ESMA proposes extending stablecoin restrictions to custody and transfers, raising questions about existing holders’ access, withdrawals and issuer competition.