Coinbase In anticipation of the European Union’s new regulatory framework, it announced plans to delist all unauthorized stablecoins from crypto exchanges in the European Economic Area (EEA) by the end of 2024.
Coinbase to Delist Non-EU Stablecoins by December
This move could significantly impact major tokens like Tether’s USDT.
AB, Crypto Asset Markets (MiCA) The regulation will be fully implemented by December 31, 2024.
MiCA’s guidelines for stablecoin issuers came into force on June 30, requiring issuers to obtain e-money authorization in at least one EU member state. More regulatory guidance for exchanges and other firms will come into force by the end of the year.
“Given our commitment to compliance, we intend to restrict the provision of services to EEA users in connection with stablecoins that do not meet MiCA requirements through December 30, 2024,” a Coinbase spokesperson said in a statement on Friday.
The exchange plans to release more details in November, including options for users to convert their stablecoins to EU-compatible alternatives such as Circle’s USDC.
This decision OKX, Bitstamp ve Uphold It comes amid growing pressure on stablecoin issuers as exchanges in the region, including , began limiting access to Tether’s USDT ahead of the full implementation of MiCA.
Although Tether, the world’s largest stablecoin issuer, has not yet received the necessary permits to offer its $120 billion USDT in Europe, Robinhood Markets Inc. ve Revolut Ltd. Rivals such as are exploring launching their own stablecoins to challenge Tether’s dominance.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/coinbase-avrupa-birligi-kurallarina-uymayan-stablecoinleri-delist-ediyor-iste-o-stablecoinler/
