Why Is Coinbase Ending USDC Rewards for EEA Users?

Quick Summary:

Coinbase has announced the discontinuation of its USDC rewards program for users in the European Economic Area (EEA) starting December 1, 2024.

The decision aligns with the European Union’s Markets in Crypto-Assets (MiCA) regulations, which impose stringent rules on stablecoin issuers and crypto platforms.

MiCA, which took effect in June 2023, aims to establish a unified legal framework for digital assets across Europe.

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Article Details

Author / Journalist: Janani

Category: Crypto

Markets: United Arab EmiratesIcelandLiechtensteinNorway

Topics: Coinbase Cryptocurrency Exchange Latest News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 10:43:38 (14 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 304 words

Reading Time: 2 minutes read

Sentences: 29 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23947646

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 28 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 11 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #125

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