Coinbase Will Delist Non-Compliant Stablecoins in Europe as MiCA Deadline Looms

Crypto exchange Coinbase will delist stablecoins that fail to comply with the European Union’s Markets in Crypto-Assets (MiCA) regulation for customers in the European Economic Area (EEA) by December 30. This move aligns with the EU’s effort to introduce tighter controls on crypto assets, requiring stablecoin issuers to obtain e-money authorization in at least one member state.The new MiCA regulation, expected to take MiCA divides crypto assets into categories such as electronic money tokens (EMTs) and asset-referenced tokens (ARTs), impacting fiat-backed stablecoins the most. The regulation has been hailed as one of the most comprehensive in the world​. A Coinbase spokesperson told This follows Circle’s recent move to secure an EU stablecoin license, becoming the first global stablecoin“We regularly review the assets we make available to customers on our platform to ensure they adhere to applicable regulations. MiCA imposes stricter requirements on stablecoin issuers, who must maintain sufficient reserves to ensure the stability of their tokens. This part of theEdited by Andrew Hayward