The European Securities and Markets Authority (ESMA) has clarified that the custody and transfers of stablecoins, like USDT (Tether), are not restricted by the MiCA regulation. This comes as Binance announces the removal of non-compliant stablecoins, including USDT, for users in the European Economic Area (EEA). However, Binance will continue to support deposits and withdrawals of these tokens until March 31. ESMA emphasizes that crypto service providers should prioritize limiting services that facilitate the acquisition of non-compliant assets. The clarification from ESMA has caused confusion regarding MiCA compliance and raises questions about the effectiveness of the regulation. The impact of these decisions on the future of crypto regulation in Europe remains to be seen.



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