Coinbase to Remove Non-MiCA Compliant Stablecoins in Europe by Year-End

By December 30, 2024, Coinbase will remove all stablecoins that fail to meet the EU’s Markets in Crypto-Assets (MiCA) regulations, impacting the European Economic Area (EEA), according to a report by Bloomberg. Coinbase is taking these actions to align with the region’s new regulatory framework, specifically targeting unauthorized stablecoins like Tether (USDT). The decision follows the European Union’s full implementation of MiCA regulations, which require stablecoin issuers to obtain an e-money authorization in at least one EU member state. The upcoming changes will significantly impact Coinbase stablecoins like USDT.

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