Source files
Public supervisory statements, with scope and operating implications. No invented cases, fines or enforcement outcomes.
ESMA’s 17 April 2026 statement sets expectations around the end of transitional periods, orderly wind-down and client migration. It is a general supervisory statement, not a finding that a named business committed misconduct.
The January 2025 ESMA and Commission guidance concerns the treatment of services relating to non-MiCA-compliant ARTs and EMTs. It is not a blanket statement that every token or every service has identical treatment.
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