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Coinbase Global plans to remove non-compliant stablecoins from the EU in December
2024-10-04 11:09
Odaily News Coinbase Global Inc. will remove all unauthorized stablecoins from its cryptocurrency exchange by the end of the year, a potential blow to tokens such as Tether Holdings Ltd.'s USDT. The European Union is expected to fully implement new crypto industry regulatory rules, the Markets in Crypto-Assets Act (MiCA), by the end of this year. Under MiCA, regulation of stablecoin issuers came into effect on June 30, requiring them to hold electronic money authorization in at least one member state. Guidance for cryptocurrency exchanges and other companies operating in the EU will take effect from December 31. (Bloomberg)