Coinbase will delist all unauthorized stablecoins from its cryptocurrency exchanges in the European Economic Area (EEA) by the end of the year, which could be a heavy blow to tokens such as USDT (tether) from Tether Holdings. The EU will fully implement new regulations for regulating the crypto industry by the end of this year, namely MiCA. According to MiCA, regulation of stablecoin issuers will take effect on June 30, requiring them to hold an electronic money authorization in at least one member state. Guidance for cryptocurrency exchanges and other companies operating in the EU will take effect on December 31. A Coinbase spokesperson stated: 'Given our commitment to compliance, we intend to restrict services to EEA users related to stablecoins that do not comply with MiCA requirements by December 30, 2024.'
Coinbase将于12月在欧盟下架不符合规定的稳定币
Coinbase will delist stablecoins that do not comply with regulations in the EU in December.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.