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Coinbase Cuts USDC Rewards for EEA Users: MiCA’s New Impact on Crypto

  • Coinbase will stop offering USDC rewards for EEA users starting December 1 due to MiCA regulations.
  • Users in the EEA will receive rewards for USDC until November 30, with payments made by December 10.
  • MiCA regulations require Coinbase, Bitstamp, and Tether to revamp stablecoin services in the European market.
  • Coinbase's decision follows the categorization of stablecoins as 'e-money tokens' under MiCA, leading to new requirements for issuers.

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