Coinbase Announces It Will Delist Noncompliant Stablecoins in EU

The European Union has introduced stricter regulations under the Markets in Crypto-Assets Regulation (MiCA) which includes the delisting of non-compliant stablecoins by cryptocurrency exchange Coinbase.

In line with the full implementation of MiCA, Coinbase will remove stablecoins that do not meet EU regulations by the end of 2024, as reported by Bloomberg on Oct. 4.

This decision is part of Coinbase’s commitment to adhere to regulatory compliance, as stated by a spokesperson in a statement released on the same day.

The company also announced that users in the European Economic Area (EEA) will have the option to convert to compliant stablecoins, such as Circle’s USD Coin, in the upcoming months. Circle is among the first stablecoin issuers to comply with MiCA’s regulatory standards.