Crypto Exchange Coinbase (COIN) to Delist Unauthorized Stablecoins in EU by December

Tether stated that it commends EU for his or her efforts with creating MiCA however famous that it introduces some complexities for stablecoins working within the area. “Tether commends EU regulators for their efforts in establishing a structured framework, as it plays a key role in fostering growth within the sector. However, as we have consistently expressed, some aspects of MiCA make the operation of EU-licensed stablecoins more complex and potentially introduce new risks to both local banking infrastructure and stablecoins themselves,” a spokesperson for the stablecoin issuer advised CoinDesk in a press release.