tldr; Coinbase plans to delist all non-compliant stablecoins, including Tether (USDT), in the European Economic Area by December 2024 due to the EU’s Markets in Crypto Assets (MiCA) regulation. MiCA requires stablecoin issuers to obtain e-money authorization from an EU member state. Coinbase will offer users the option to convert to compliant stablecoins like USD Coin (USDC). Other exchanges like Kraken and Bitstamp are also aligning with MiCA. This move aims to ensure compliance with new regulatory standards in Europe.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Blooberino on
Bullish on USDC. $10 by EoY
otherwisemilk on
This is terrible news, how are we going to prop up the market without tether?
fan_of_hakiksexydays on
This is good news for the crypto market.
Chipping away Tether’s percentage control of the stablecoin market.
diwalost on
That’s because Circle is launching EURO denominated Stable coin.
5 Comments
tldr; Coinbase plans to delist all non-compliant stablecoins, including Tether (USDT), in the European Economic Area by December 2024 due to the EU’s Markets in Crypto Assets (MiCA) regulation. MiCA requires stablecoin issuers to obtain e-money authorization from an EU member state. Coinbase will offer users the option to convert to compliant stablecoins like USD Coin (USDC). Other exchanges like Kraken and Bitstamp are also aligning with MiCA. This move aims to ensure compliance with new regulatory standards in Europe.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Bullish on USDC. $10 by EoY
This is terrible news, how are we going to prop up the market without tether?
This is good news for the crypto market.
Chipping away Tether’s percentage control of the stablecoin market.
That’s because Circle is launching EURO denominated Stable coin.