Summary
- The European Securities and Markets Authority has urged virtual asset service providers to take action against stablecoins that do not comply with the MiCA law by the 31st.
- ESMA stated that it would continuously cooperate with national authorities to ensure the smooth implementation of the MiCA law.
- This action is interpreted as a warning to consider the regulatory impact on the stablecoin market.
On the 20th (local time), according to the cryptocurrency specialist media Cointelegraph, the European Securities and Markets Authority (ESMA) has urged virtual asset service providers to take action against stablecoins that do not comply with the European crypto regulation law MiCA by the 31st (local time).
Previously, ESMA stated that it would continuously cooperate with national authorities to ensure the smooth implementation of the MiCA law.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
