⚠️EU: Coinbase to delist some stablecoins by year-end

⚠️EU: Coinbase to delist some stablecoins by year-end

Why❓ Because the industry in the region is preparing for stricter regulations.

➡️ The new cryptocurrency regulatory framework, known as the Markets in Crypto Assets Regulation (MiCA), introduced in early 2023, will take full effect in December this year.

➡️ Main requirements for stablecoins: transparency, liquidity, and consumer rights protection. To legally operate in the European market, the issuer must hold a license in at least one of the EEA countries.

➡️ Tether currently does not meet these requirements and will be delisted.

➡️ In November, Coinbase will offer European users the option to migrate to authorized issuers, such as USDC and EURC, issued by the U.S.🇺🇸 fintech Circle.

#news #crypto #Europe

⚓️ SurfGate — direct provider: P2P y UPI Collect in 🇮🇳, ACQ in Europe. Our web