EU regulators require crypto firms to mitigate exposure to MiCA-noncompliant stablecoins by January 8.

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EU regulators have ordered crypto firms to reduce their exposure to stablecoins that do not comply with MiCA (EU Markets in Crypto-Assets Regulation) requirements by January 8. The European Securities and Markets Authority (ESMA) also published updated guidance on stablecoin regulation. The deadline provides firms with time to adapt their risk management practices under the new framework. MiCA will govern how stablecoins operate across the EU, including rules on reserve transparency and custody.

CryptoNews.com, October 9: 1. Analysts: EU regulators require crypto companies to unwind exposures to non-MiCA-compliant stablecoins by January 8; 2. Analysts: European Securities and Markets Authority releases guidance on stablecoin regulation; 3. U.S. SEC regulatory authority shifts to Republicans, potentially accelerating crypto rulemaking; 4. CFTC Chair: Failure of the Clear Act prompts new crypto regulations; 5. U.S. SEC approves 3x leveraged ETFs linked to Bitcoin and Ethereum; 6. CFTC proposes first round of crypto market regulations, establishing frameworks for BTC and ETH; 7. CFTC proposes new regulations for the U.S. crypto market; 8. CFTC outlines a crypto market structure framework, exploring voluntary federal registration pathways; 9. German regulator rejects Futurum Bank’s MiCA application; bitcoin.de plans a new model; 10. Germany’s Federal Financial Supervisory Authority rejects Futurum Bank AG’s MiCA license application; bitcoin.de trading is suspended.

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