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Payments & fintech1 min read

ESMA limits euro balances held by crypto firms at non-bank PSPs

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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ESMA limits euro balances held by crypto firms at non-bank PSPs

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