Coinbase has announced that its USDC rewards program for European customers will be discontinued as of December 1, 2024. This decision comes in response to new MiCA regulations
Coinbase has announced that its USDC rewards program for European customers will be discontinued as of December 1, 2024. This decision comes in response to new MiCA (Markets in Crypto-Assets) regulations, which classify stablecoins as electronic money tokens and impose stricter transparency and market stability rules. Coinbase’s move is part of its efforts to comply with the new regulatory environment. Other companies, including Tether and Bitstamp, have also adjusted their operations due to these regulations. MiCA aims to enhance transparency and stability in the European crypto market.
Source: crypto-economy.com
