ESMA pide frenar nuevas operaciones con stablecoins fuera de MiCA y da tres meses para saldos existentes

La ESMA pide bloquear nuevas operaciones con stablecoins fuera de MiCA y resolver saldos existentes en un máximo de tres meses.

• ESMA is urging EU-authorized crypto platforms to halt new operations with stablecoins not compliant with MiCA regulations.
• Existing balances of non-compliant stablecoins must be resolved within a three-month period, with national supervisors overseeing the process.
• This directive aims to ensure uniform application of MiCA's requirements for reserves, refunds, and governance for stablecoins operating within the EU.

Topics: Legal regulatory, Jurisdictions, Blockchain usage, Securities law classification, Regulatory sandboxes pilots, Ethereum evm l 1 s

Tags: #stablecoins #mica #esma #europeanunion #cryptocurrencyplatforms #regulatorycompliance #assetreferencedtokens #emoneytokens #usdt #threemonthdeadline

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European Financial Groups Warn EU Caps Will Stifle Tokenized Assets

Financial groups are calling on EU policymakers to authorize higher transaction volumes under the DLT Pilot Regime.

• European financial groups, including ADAN, are urging EU policymakers to increase transaction volume caps under the DLT Pilot Regime.
• They argue the proposed 100 billion euro cap is insufficient given rapid market developments and existing European project volumes, potentially limiting growth.
• The groups advocate for a more flexible regulatory framework to ensure Europe remains competitive in the global asset tokenization race.

Topics: Jurisdictions, Legal regulatory, Scalability, Regulatory sandboxes pilots, Securities law classification, Market depth liquidity

Tags: #dltpilotregime #tokenizedassets #europeanunion #transactionvolumes #marketintegrationandsupervisionpackage #financialinstruments #dlts #miifdii #europeancommission #regulatoryframework

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EU urged to tap trillions in private savings to compete globally

• The EU is urged to mobilize €35 trillion in private savings to compete globally with the US and China, as €300 billion annually flows to American markets.
• A significant portion of EU household savings remains stagnant in low-yield bank deposits, creating an annual investment gap of €750-€800 billion for strategic priorities like green energy and digitalization.
• The rebranding of the Capital Markets Union to the Savings and Investments Union signals a policy shift to encourage citizens' wealth to be invested in EU-based funds and projects, aiming to boost competitiveness.

Topics: Jurisdictions, Scalability, Institutional adoption, Cross jurisdictional policy, Institutional capital inflows, Asset manager initiatives

Tags: #privatesavings #europeanunion #capitalmarketsunion #investmentgap #greenenergy #digitalinnovation #usmarkets #china #savingsandinvestmentsunion #strategicinvestments

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