TVTG

  • Non-MiCAR-Compliant Stablecoins: The FMA Relays ESMA’s Opinion

    On 23 October 2026 the Liechtenstein Financial Market Authority (FMA) published a notice on ESMA’s opinion of 8 October 2026 (ESMA75-113276571-1742) on non-MiCAR-compliant stablecoins, and stated that it will take the opinion into account in its supervision. ESMA’s position is that crypto-asset service providers (CASPs) should not provide crypto-asset services in relation to asset-referenced tokens…