ESMA says EU crypto users must be served through a MiCA-authorized entity and points to Article 61's narrow reverse solicitation exemption.

The European Securities and Markets Authority (ESMA) has directed unauthorized crypto asset service providers to stop accepting new EU clients and begin

European regulator ESMA called on unauthorized crypto-asset service providers to wind down their businesses in an orderly manner as the MiCA transitional period ends on July 1.

ESMA says EU crypto users must be served through a MiCA-authorized entity and points to Article 61's narrow reverse solicitation exemption.