Newsazenplay.comThe European Securities and Markets Authority clarified that crypto-asset service providers may hold euro balances with non-bank payment service providers for no more than one business day. The clarification affects settlement and treasury arrangements involving crypto-payment infrastructure.
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ESMA clarified that crypto-asset service providers may hold euro balances with non-bank payment service providers for no more than one business day. Firms using e-money or payment institutions for euro processing must transfer funds to a credit institution or avoid overnight balances.
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