Wire · regulatory
EU May Block Crypto Firms From Holding Non-Compliant Stablecoins
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Fusion42 · 3 October 2026 · Fusion42 review
ESMA has proposed rules for the European Commission to block licensed crypto firms from providing custody or transfer services involving stablecoins that do not comply with MiCA regulations. While the proposal is not yet law and includes no implementation timeline, it would prevent licensed providers from holding or moving non-compliant stablecoins even if the holder does not plan to trade them.
This Wire brief sits within Fusion42's coverage of Fintech, and 8 sources have reported it between 30 Sep 2026 and 3 Oct 2026.
◆ ◆ The Wire takeaway
You face blocked access to custody and transfer of non-compliant stablecoins through licensed firms, shutting down a previous loophole. Act now by reviewing your stablecoin holdings and compliance to maintain seamless service access under EU rules.
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8 sources · first reported 30 Sep 2026 · latest 3 Oct 2026
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