Coinbase Says Will Restrict Services Tied To Stablecoins That Do Not Meet MICA Requirements To Users In European Economic Area
Portfolio Pulse from Benzinga Newsdesk
Coinbase has announced it will restrict services related to stablecoins that do not comply with the Markets in Crypto-Assets (MICA) requirements for users in the European Economic Area.

October 04, 2024 | 12:50 pm
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Coinbase will limit services for stablecoins not meeting MICA standards in the European Economic Area, potentially affecting its user base and service offerings in that region.
Coinbase's decision to restrict services for non-MICA compliant stablecoins could limit its offerings in the European Economic Area, potentially affecting its user base and revenue from that region. This regulatory compliance move may lead to short-term negative sentiment around $COIN as investors assess the impact on its European operations.
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