Coinbase, a popular cryptocurrency exchange, announced on November 28 that it will halt the sale of crypto assets in the European Economic Area (EEA) starting December 1 due to the upcoming MiCA regulations. Coinbase will compensate its USDC holders with rewards. This move is prompted by the new regulations concerning electronic currency tokens under MiCA.
Coinbase’s USDC rewards program is available in over 100 countries and generates a daily rate of return based on the user’s USDC balance on the exchange. The annual rate of return (APY) will vary depending on the user’s region.
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