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đŽ #coinbase? to Delist Non-Compliant Stablecoins in #EEA : MiCA Regulation Reshapes Crypto Landscape
đŁ Coinbase has announced plans to delist all unauthorized stablecoins in the European Economic Area by the end of 2024, including the world's largest stablecoin, #Tether (USDT đ„ ). This move comes in response to the EU's Markets in Crypto Assets (#MiCA ) regulation, which requires stablecoin issuers to obtain e-money authorization from at least one EU member state. The exchange will offer users the option to convert their non-compliant stablecoins to approved alternatives like USD Coin (USDC).
đ This decision by Coinbase is part of a broader trend, with other major exchanges like Kraken, Bitstamp, and Uphold already restricting Tether in Europe. Meanwhile, traditional financial institutions are entering the space, with Deutsche Bank's DWS planning to launch a regulated euro-denominated stablecoin in 2025. These developments signal a significant shift in the European crypto market as it adapts to new regulatory frameworks.
đŹ How do you think the delisting of major stablecoins like Tether will affect crypto trading and liquidity in Europe? Will this push more users towards decentralized exchanges?
$USDC
$TUSD
#WeAreAllSatoshi
đŁ Coinbase has announced plans to delist all unauthorized stablecoins in the European Economic Area by the end of 2024, including the world's largest stablecoin, #Tether (USDT đ„ ). This move comes in response to the EU's Markets in Crypto Assets (#MiCA ) regulation, which requires stablecoin issuers to obtain e-money authorization from at least one EU member state. The exchange will offer users the option to convert their non-compliant stablecoins to approved alternatives like USD Coin (USDC).
đ This decision by Coinbase is part of a broader trend, with other major exchanges like Kraken, Bitstamp, and Uphold already restricting Tether in Europe. Meanwhile, traditional financial institutions are entering the space, with Deutsche Bank's DWS planning to launch a regulated euro-denominated stablecoin in 2025. These developments signal a significant shift in the European crypto market as it adapts to new regulatory frameworks.
đŹ How do you think the delisting of major stablecoins like Tether will affect crypto trading and liquidity in Europe? Will this push more users towards decentralized exchanges?
$USDC
$TUSD
#WeAreAllSatoshi
Ledger and Revolut Join Forces for #EasierCrypto Buying
Cryptocurrency-friendly online bank Revolut is collaborating with a major hardware wallet firm, Ledger, to expand crypto payment rails in specific European Economic Area ( #EEA ) countries.
Key benefits of the partnership:
Simplified crypto buying: Users can now convert fiat currency to crypto within Ledger Live using their Revolut account.
Enhanced security: Combining Revolut's trusted payment platform with Ledger's hardware security provides a robust protection layer for digital assets.
Faster verification: Revolut users may bypass additional ID checks, streamlining the buying process.
#CryptoAdoption
#BinanceSquareCreatorAward
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Cryptocurrency-friendly online bank Revolut is collaborating with a major hardware wallet firm, Ledger, to expand crypto payment rails in specific European Economic Area ( #EEA ) countries.
Key benefits of the partnership:
Simplified crypto buying: Users can now convert fiat currency to crypto within Ledger Live using their Revolut account.
Enhanced security: Combining Revolut's trusted payment platform with Ledger's hardware security provides a robust protection layer for digital assets.
Faster verification: Revolut users may bypass additional ID checks, streamlining the buying process.
#CryptoAdoption
#BinanceSquareCreatorAward
Thank you for your daily Vote
The Enterprise Ethereum Alliance (EEA)'s Defi Risk Assessment, Management and Accounting (DRAMA) working group has released the DeFi Risk Assessment Guidelines.
#ETH_ETF_Approval_23July #EEA #Ethereum #SOFR_Spike #ETH_ETFs_Approval_Predictions
#ETH_ETF_Approval_23July #EEA #Ethereum #SOFR_Spike #ETH_ETFs_Approval_Predictions
