Coinbase to delist some stablecoins in Europe ahead of new regulations

Coinbase to Delist Unauthorized Stablecoins in EU by December

Tether, which is the largest issuer of stablecoins, doesn't have the necessary e-money license yet in the European Union.

Coinbase to delist some stablecoins in Europe ahead of new regulations

(Reuters) - Coinbase will delist certain stablecoins in the European Economic Area by year's end, the cryptocurrency exchange said on Friday, as the industry braces for tougher regulation in the region. The European Union's landmark crypto regulatory framework, known as the Markets in Crypto-Assets (MiCA) regulation, introduced in early 2023, is set to be fully applied by December. It requires issuers of stablecoins - crypto tokens whose mo…

Is Coinbase To Delist Non-Compliant Stablecoins Soon? Here’s Why

Coinbase is set to delist stablecoins not compliant with EU MiCA’s rules. Stablecoin issuers must get the necessary licenses and be backed by a 1:1 ratio of liquid reserves held in segregated accounts. MiCA’s new rules will prevent market manipulation and insider trading.  American cryptocurrency exchange Coinbase reportedly plans to delist some stablecoins from its European platform. Recently, Bloomberg reported that Coinbase would delist stab…

Coinbase To delist Tether (USDT) stablecoin in EU, Tether working on new solution

Following the upcoming MiCA’s measures regarding stablecoin regulation, Coinbase crypto exchange decided to terminate support for USDT stablecoin. As we know, the European Union (EU)’s crypto market is now under a full regulatory framework under the umbrella of Markets In Crypto Assets (MiCA). The stablecoin regulatory measures will come into effect on 30 Dec 2024, so all the crypto exchanges have decided to take significant steps to terminate s…

Coinbase to Delist Non-Compliant Stablecoins in Response to EU Regulations

The exchange will remove stablecoins that do not meet EU standards by the end of 2024. This decision reflects a […] The post Coinbase to Delist Non-Compliant Stablecoins in Response to EU Regulations appeared first on CoinsPress.

Coinbase to delist non-compliant EU stablecoins under new MiCA regulations

The EU’s MiCA was introduced in June, but won’t take effect until December Coinbase will deliver an update to its EU customers in November on how to switch their stablecoins to EU-compliant ones Circle was the first stablecoin issuer to receive an e-money license under MiCA regulations Crypto exchange Coinbase is to delist stablecoins that […] The post Coinbase to delist non-compliant EU stablecoins under new MiCA regulations appeared first on C…