Coinbase will delist noncompliant stablecoins from its European platform by the end of December to comply with the EU’s MiCA regulations.
The European Union’s Markets in Crypto-Assets Regulation (MiCA) is enforcing stricter oversight of crypto-related firms, and cryptocurrency exchange Coinbase is the latest to update its offerings in response.
On Oct. 4 Bloomberg reported that Coinbase will delist stablecoins that do not comply with EU regulations by the end of 2024. This move aligns with the full implementation of MiCA, which is set to tighten control over the digital asset sector.
In a statement released Friday, Oct. 4, a Coinbase spokesperson reaffirmed the company’s commitment to regulatory compliance:
