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ESMA requires winding down unauthorized stablecoins by January 8 under the MiCA crypto law

The European regulator ESMA has clarified requirements for stablecoins that have not received authorization under MiCA. By January 8, crypto platforms in the European Union must cease related services, including custody and transfers.

France pushed the euro below 1.1200 - lowest since May 2025

EUR/USD lost about 0.85% on Monday and fell just above 1.1150, hitting its lowest since May 2025. Pressure on the euro intensified due to rising French government bond yields and uncertainty surrounding the country's budget.