ESMA gives platforms 3 months to delist unauthorized stablecoins

The EU's securities regulator ESMA is giving crypto platforms three months to remove stablecoins that fail to meet MiCA rules. ESMA said authorized platforms must block new access to non-compliant stablecoins, while national authorities oversee existing customer holdings during the transition.

• The deadline tightens MiCA enforcement on stablecoin issuers that haven't obtained the required authorization.
• National regulators handle the disposition of coins already held by customers.

No specific list of affected stablecoins or issuers was disclosed in the announcement.