Coinbase announced plans to delist stablecoins in the European Union by December 30, 2024, if they don't meet the EU's Markets in Crypto Assets (MiCA) regulations. The MiCA rules, in effect since June 2024, require stablecoin issuers to have an electronic money license to operate in the 27 EU nations. The MiCA regulations are expected to take full effect by January 2025. While Circle secured the necessary license, Tether, the largest stablecoin issuer, has not. Coinbase aims to comply with these rules as it competes in the European market. Source: Coindesk and Decrypt
