Cryptocurrency exchange Coinbase will stop charging rewards for storing the stablecoin USD Coin (USDC) in the European Economic Area (EEA) from December 1.

The reason for this is new requirements for electronic tokens related to the implementation of MiCA regulations.

EEA users will be able to receive interest until November 30, and payments for December - until December 13.

MiCA is a single EU regulatory framework for the crypto industry, which forces companies to adapt their offerings.