TechFlow reported, according to Bloomberg, that Coinbase Global Inc. will delist all unauthorized stablecoins from its cryptocurrency exchange by the end of this year, which could pose a potential blow to tokens such as Tether Holdings Ltd.'s USDT.
The European Union is expected to fully implement its new regulatory framework for the crypto industry, the Markets in Crypto-Assets (MiCA) regulation, by the end of this year. Under MiCA, regulations for stablecoin issuers took effect on June 30, requiring them to hold an electronic money authorization in at least one member state. Guidelines for cryptocurrency exchanges and other companies operating within the EU will come into force starting December 31.
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