ESMA and European Commission publication on guidance on non-MiCA compliant stablecoins
On 17 January 2025, the European Securities and Markets Authority (ESMA) and the European Commission published guidance on non-MiCA compliant Asset-Referenced Tokens (ARTs) and Electronic Money Tokens (EMTs), also known as stablecoins.
About the author
Cécile Henry
Regulatory and compliance expert at Seqlense. Cécile authors every Seqlense Note — bringing hands-on experience and a pragmatic approach to regulatory analysis, with a focus on real operational impact rather than abstract theory. Her work covers French, Luxembourg and Belgian regulators, EU frameworks (MiCA, DORA, AML), and the operational reality of compliance in financial services and crypto.
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