đŽ #coinbase? to Delist Non-Compliant Stablecoins in #EEA : MiCA Regulation Reshapes Crypto Landscape
đŁ Coinbase has announced plans to delist all unauthorized stablecoins in the European Economic Area by the end of 2024, including the world's largest stablecoin, #Tether (USDT đ„ ). This move comes in response to the EU's Markets in Crypto Assets (#MiCA ) regulation, which requires stablecoin issuers to obtain e-money authorization from at least one EU member state. The exchange will offer users the option to convert their non-compliant stablecoins to approved alternatives like USD Coin (USDC).
đ This decision by Coinbase is part of a broader trend, with other major exchanges like Kraken, Bitstamp, and Uphold already restricting Tether in Europe. Meanwhile, traditional financial institutions are entering the space, with Deutsche Bank's DWS planning to launch a regulated euro-denominated stablecoin in 2025. These developments signal a significant shift in the European crypto market as it adapts to new regulatory frameworks.
đŹ How do you think the delisting of major stablecoins like Tether will affect crypto trading and liquidity in Europe? Will this push more users towards decentralized exchanges?
