Coinbase will delist non-compliant stablecoins in Europe as part of new EU regulations.
The move is in response to the EU's new rules under MiCA, which require e-money authorization for stablecoin issuers.
Coinbase plans to comply with the regulations and restrict services to EEA users for stablecoins that don't meet MiCA requirements by December 30, 2024.
Coinbase will offer users options to convert non-compliant stablecoins into compliant ones, such as USDC.