Golden Finance reported that the European Securities and Markets Authority (ESMA) said in a statement that the regulator has required the 27 EU member states to ensure that crypto asset service providers (CASPs) will be established “no later than the end of the first quarter of 2025.” Follow its stablecoin rules. ESMA said: “In practical terms, this means that CASPs operating crypto-asset trading platforms are expected to cease trading in all crypto-assets that qualify for ART and EMT but where the issuer is not authorized in the EU (“ART and EMT that are not MiCA compliant”) ). ART is an asset reference token and EMT is an electronic money token. According to ESMA’s statement, EU-registered exchanges such as Gemini and Coinbase must delist unauthorized stablecoins. Coinbase previously announced that it would delist all such tokens by December last year.