Non-MiCA-Compliant ARTs and EMTs: ESMA’s Three-Month Ceiling
On 8 October 2026 ESMA published an opinion, reference ESMA75-113276571-1742, telling national competent authorities (NCAs) that crypto-asset service providers (CASPs) should not provide crypto-asset services in relation to non-MiCA-compliant ARTs and EMTs: asset-referenced tokens and e-money tokens for which the conditions of Title III or Title IV of Regulation (EU) 2023/1114 (MiCA) are not met….