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

Tether mentioned it commends the EU for its efforts in creating MiCA, however famous that it introduces some complexities for stablecoins working within the area. “Tether commends EU regulators for his or her efforts in establishing a structured framework because it performs a key function in selling progress inside the sector. Nevertheless, as we’ve got persistently said, some features of MiCA make the operation of EU-licensed stablecoins extra complicated and doubtlessly introduce new dangers to each native banking infrastructure and the stablecoins themselves,” a spokesperson for the stablecoin issuer instructed CoinDesk in a press release .