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#Crypto Asset Service Providers

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ESMA Gives Crypto Firms 3 Months to Delist Non-Compliant Stablecoins
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ESMA Gives Crypto Firms 3 Months to Delist Non-Compliant Stablecoins

Key Highlights: The European Securities and Markets Authority (ESMA) has issued updated guidance targeting crypto-asset service providers handling unauthorized stablecoins under the Markets in Crypto-Assets (MiCA) framework. Crypto firms must establish technical, contractual, and organizational controls to block European Union clients from purchasing or expanding exposure to non-compliant tokens. Firms are permitted to facilitate temporary, ...

EU faces September 30 deadline to decide future of DeFi loans
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EU faces September 30 deadline to decide future of DeFi loans

Key Highlights The European Banking Authority has asked the European Commission to examine new MiCA rules for crypto firms that connect customers to DeFi lending protocols, recommending a cost-benefit analysis of potential duties for intermediated borrowing and lending. The EBA identified two possible regulatory changes: adding intermediated crypto borrowing and lending to MiCA’s list of ...

South Africa Moves to Regulate Cross-Border Crypto Transfers
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South Africa Moves to Regulate Cross-Border Crypto Transfers

Key Highlights South Africa’s draft crypto cross-border framework imposes strict daily (ZAR 5,000) and monthly (ZAR 25,000) limits on person-to-person remittances via crypto rails, while standard Web3 transfers require individuals to use existing SDA (R2 million) or FCA (R10 million) allowances with SARS tax clearance. Crypto Asset Service Providers (CASPs) must obtain separate cross-border authorization ...