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# ESMA Q\&A 2932 — Q\&A — Transient exposure of EU client crypto-assets in a non-EU hot wallet \[Question Published]

*Question Published · ESMA Q\&A register, 1 October 2026 ·* [*Official source*](https://www.esma.europa.eu/publications-data/questions-answers/2932)

|                                |                                                                                                                                                                                                             |
| ------------------------------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Subject matter**             | Transient exposure of EU client crypto-assets in a non-EU hot wallet during deposits, withdrawals and settlement                                                                                            |
| **Authority**                  | ESMA                                                                                                                                                                                                        |
| **Q\&A ID**                    | ESMA\_QA\_2932                                                                                                                                                                                              |
| **Published**                  | 1 October 2026                                                                                                                                                                                              |
| **Topic**                      | Crypto-Asset Service Provider (CASP)                                                                                                                                                                        |
| **Additional legal reference** | MiCA Article 3(1), points (15) and (17); Articls 59; Article 70(1); Article 75(9); Commission Delegated Regulation (EU) 2025/303; ESMA Opinion on broker models paragraph 8 and footnote 10; ESMA Q\&A 2608 |

#### Question

In the context of in/out transfers (deposits/withdrawals) from an EU authorised CASP, can assets from EU clients temporarily be held in a (hot) wallet at an entity not authorised as a CASP under MiCA? Under what conditions, if any, would the temporary presence of EU client crypto-assets in that wallet be considered a purely technical/transient transfer step rather than custody, administration or transfer services being provided by the non-authorised entity?

***

#### Answer

> **ESMA has not published a final answer to this question.** Its current status in the ESMA Q\&A register is *Question Published* (submitted 1 October 2026). This page will be updated if ESMA publishes a final response.

***

**Source:** [ESMA original document](https://www.esma.europa.eu/publications-data/questions-answers/2932)


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