Business · Markets · 1 day ago
ESMA bans Tether offers and other assets that do not meet MiCA rules
The European Securities and Markets Authority (ESMA) has banned offers of Tether and any other asset that does not meet MiCA rules.
MiCA is the regulatory framework named in the decision.
Some entities had been offering USDT by relying on ambiguities in the rules, with supervisors’ approval.
The ban applies to offers of assets that do not comply with MiCA.
It does not cover unregulated services such as crypto lending.
The decision draws a line between regulated asset offers and services outside regulation.
The stated ban has no exceptions for assets that fail to meet MiCA.
ESMA has banned offers of Tether and any other asset that does not comply with MiCA, according to the headline.
Some entities had offered USDT by relying on ambiguities in the rules.
Those offers had the approval of supervisors, the article says.
The ban does not cover unregulated services such as crypto loans.
- Who
- ESMA.
- What
- It has banned offers of Tether and other assets that do not comply with MiCA.
- When
- Not stated.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
This story does not have a timeline yet.
- Asset named
- Tether (USDT)
- Regulation
- MiCA
- Unregulated service outside the ban
- Crypto loans
Sources
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