Coinbase to end USDC rewards program for EEA customers from December 1 due to new MiCA laws. 😬
- Users are upset, but will be able to receive rewards until November 30.
- MiCA prohibits interest accrual on stablecoins.
- Regulations prevent companies from offering profitable services, experts say.
It looks like the market is in for a change, but not everyone is happy about these innovations.