ESMA gives EU crypto firms three months to exit non-compliant stablecoins

Crypto Insight Summary: Crypto companies in Europe must remove existing exposure to non-MiCA-compliant stablecoins by January 8, 2027. The European Securities and Markets Authority (ESMA) gave national financial authorities 90 days to supervise the process in an opinion published on October 8. The restrictions might lead to trading moving away from the European markets, but it wouldn’t mean... Crypto Insight Analysis: Direction: Bearish EURT / Neutral BTC / Neutral ETH Impact: Minor Impact Horizon: Long-term (1 quarter-1 year) Reasoning: EU's phased ban on non-MiCA stablecoins creates uncertainty but gives firms time to adjust.