The EU's ESMA requires cryptocurrency companies to comply with new stablecoin regulations by March 31

ChainCatcher news, according to FinanceFeeds, the European Securities and Markets Authority (ESMA) has required cryptocurrency companies to comply with the EU's new stablecoin regulations by March 31.

This regulation is part of the broader Markets in Crypto-Assets (MiCA) framework, which requires companies to limit or delist stablecoins that do not meet the standards.

The stablecoin provisions of MiCA will take effect in mid-2024, but ESMA now wants businesses to complete the changes by the end of the first quarter. The regulator stated that before this deadline, companies can keep non-compliant stablecoins for sale, but cannot purchase them. It warned that delays could disrupt the market.