Coinbase to delist some stablecoins in Europe ahead of new regulations [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance
year's end, the cryptocurrency exchange said on Friday, as the industry braces for tougher regulation in the region. The European Union's landmark crypto regulatory framework, known as the Markets in Crypto-Assets (MiCA) regulation, introduced in early 2023, is set to be fully applied by December. It requires issuers of stablecoins - crypto tokens whose monetary value is pegged to a stable asset to protect from wild volatility - to meet strict transparency, liquidity, and consumer protection standards. "Given our commitment to compliance, we intend to restrict the provision of services to EEA users in connection with stablecoins that do not meet the MiCA requirements by December 30, 2024," the top U.S. crypto exchange said in an emailed statement. Coinbase plans to offer in November impacted EEA customers options to switch to authorized issuers like fintech firm Circle's USDC and EURC, whose value is pegged to the U.S. dollar and euro, respectively. Stablecoins have gained s
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News
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- Coinbase to Delist Unauthorized Stablecoins in EU by December [Yahoo! Finance]Yahoo! Finance
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COIN
Earnings
- 8/1/24 - Miss
COIN
Sec Filings
- 10/2/24 - Form 4
- 9/30/24 - Form 4
- 9/20/24 - Form 4
- COIN's page on the SEC website