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Are Tether USDT Custody and Transfers Not Restricted Under MiCA?

  • The European Securities and Markets Authority (ESMA) confirms custody and transfers of stablecoins are not restricted under MiCA.
  • Crypto asset service providers in Europe must restrict offering stablecoin acquisition services.
  • ESMA confirms that custody and transfer services of non-compliant stablecoins are not explicitly prohibited.
  • Binance is in compliance with the requirements, supporting custody, deposits, and withdrawals of non-compliant stablecoins.

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