Coinbase, a leading cryptocurrency exchange, will impose restrictions on certain stablecoins starting from December 13, 2024, for European users. This decision is in line with the regulations of the Markets in Crypto-Assets (MiCA), which governs cryptocurrencies and stablecoins in the European Union. Stablecoins that do not meet MiCA requirements, such as USDT, will no longer be supported for certain services within the platform. However, USDC, which is compliant with MiCA, will continue to be fully operational. The move aims to comply with regulations and strengthen Coinbase's position in the European market. Users may need to switch to compliant stablecoin alternatives like USDC. Some users may see this as limiting their freedom of choice, but Coinbase argues it is necessary for regulatory compliance and customer protection.
- Content Editor ( en.cryptonomist.ch )
- 2024-12-11
Coinbase limits stablecoins not compliant with MiCA: USDT on the list