EU Regulator Confirms MiCA Does Not Ban USDT Transactions

The storage and transfer of stablecoins not compliant with MiCA do not violate EU laws, stated a representative of the ESMA in a comment to Cointelegraph.

The regulator clarified the status of “stablecoins” following Binance’s announcement of delisting USDT and eight other assets within the EEA.

ESMA explained that services related to the storage and transfer of stablecoins are not considered a “public offering” or “admission to trading.”

The MiCA rules do not impose a direct ban on dealing with assets that do not comply with its provisions, the agency’s representative emphasized.

ESMA specified that European CASP should “primarily restrict services facilitating the purchase” of such assets, referring to guidance issued on January 17, 2025.

At the same time, the regulator permitted a temporary “sell-only and withdrawal” regime, allowing investors to close positions by the end of March.

Back in December 2024, MiCA Crypto Alliance technical committee member Juan Ignacio Ibáñez stated that the absence of prohibitions does not render USDT legal under MiCA.