CandleFocus Coinbase Issues Statement for 6 Cryptocurrencies and Announces Restriction Date for These in Europe
2024-12-01
Author: Content Editor
Coinbase, a cryptocurrency exchange, is notifying its European customers about upcoming restrictions on certain stablecoins due to the upcoming regulatory framework known as Markets in Cryptoassets (MiCA). The restrictions will affect users of Coinbase Europe Limited and Coinbase Germany GmbH and will go into effect on December 13, 2024. The affected stablecoins, collectively referred to as "MiCA-restricted assets," include USDT, PAX, PYUSD, GUSD, GYEN, and DAI, as they do not yet comply with MiCA requirements. However, Coinbase reassures customers that USDC and EURC, which are MiCA-compliant, will still be available for trading, storage, and transfers on the platform.
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