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Due to tightening regulatory conditions in the region, Coinbase plans to delist all non-compliant stablecoins in the European Economic Area (EEA) by the end of the year. Several crypto exchanges have already delisted euro-denominated stablecoins in an effort to comply with European Union regulations. These measures reflect a broader effort to seek regulatory compliance in the region. Coinbase to delist non-compliant stablecoins by December Coinbase Global’s plans coincide with the imminent full implementation of the Markets in Crypto Assets (MiCA) framework by the European Union. Stablecoin regulations under MiCA require issuers to obtain electronic money authorization in at least one…
The third quarter revealed a difficult situation for the crypto market, with low on-chain fees, Bitcoin’s growing dominance, and Ethereum battling inflation and underperformance. The identity of Ethereum (ETH) is changing as it moves from a deflationary to an inflationary model, and its role as a cryptocurrency is being questioned amid the rise of layer-2 solutions and the dominance of Bitcoin (BTC). Masu. In an October 4th X article, Lucas Automurro, head of research at IntoTheBlock, said that although on-chain fees saw a slight recovery in September, Ethereum continues to grapple with significant fee reductions that are hampering performance. He…
(Reuters) – Coinbase will delist certain stablecoins in the European Economic Area by the end of the year, the cryptocurrency exchange said on Friday, as the industry prepares for increased regulation in the region.The European Union’s landmark cryptocurrency regulatory framework, known as the Markets in Cryptocurrency (MiCA) Regulation, introduced in early 2023, is expected to be fully applied by December.It requires issuers of stablecoins (cryptotokens whose monetary value is pegged to stable assets to protect against wild fluctuations) to meet strict transparency, liquidity, and consumer protection standards. I am doing it.“In light of our compliance efforts, we plan to restrict…
(Reuters) – Coinbase will delist certain stablecoins in the European Economic Area by the end of the year, the cryptocurrency exchange said on Friday, as the industry prepares for increased regulation in the region.The European Union’s landmark cryptocurrency regulatory framework, known as the Markets in Cryptocurrency (MiCA) Regulation, introduced in early 2023, is expected to be fully applied by December.This requires issuers of stablecoins (cryptotokens whose monetary value is pegged to stable assets to protect against wild fluctuations) to meet strict transparency, liquidity, and consumer protection standards. I am doing it.“In light of our compliance efforts, we plan to restrict…
The global blockchain market size is expected to grow from $27.84 billion in 2024 to $825.93 billion by 2032, at a CAGR of 52.8%. This rapid expansion is being driven by the growing demand for decentralized solutions, enhanced security protocols, and transaction transparency. These aspects position blockchain as a key force in reshaping the future of global business and technology. Undoubtedly, this sector has great potential for rapid growth. All about MAI Labs’ Sutradhar In a recent conversation with Varuni Trivedi of The Coin Republic on the podcast “Money and Me,” Tapan Sangal, founder and CEO of MAI Labs, discussed…
(Reuters) – Coinbase will delist certain stablecoins in the European Economic Area by the end of the year, the cryptocurrency exchange said on Friday, as the industry prepares for increased regulation in the region. The European Union’s landmark cryptocurrency regulatory framework, known as the Markets in Cryptocurrency (MiCA) Regulation, introduced in early 2023, is expected to be fully applied by December. The law requires issuers of stablecoins (cryptotokens whose monetary value is pegged to stable assets to protect them from wild fluctuations) to meet strict transparency, liquidity, and consumer protection standards. is required. View full article “Given our commitment to…
Coinbase Global Inc. has announced plans to delist all non-compliant stablecoins from its European platform by the end of December 2024. This decision is in response to the upcoming implementation of the European Union’s Markets in Cryptoassets (MiCA) regulation. The new regulation aims to create a standardized regulatory framework for crypto assets across the EU and is expected to come into full force by December 31, 2024. Coinbase announces MiCA Stablecoin compliance deadline Coinbase’s announcement specifies that stablecoins that do not meet the new MiCA requirements will be subject to delisting. The MiCA regulation, which came into force on June…
NEW YORK (AP) — U.S. stocks rose in an optimistic mood Friday after reports that U.S. employers ramped up hiring efforts last month. The S&P 500 rose 0.7% in early trading, moving toward a record high set on Monday. As of 9:35 a.m. ET, the Dow Jones Industrial Average was up 266 points, or 0.6%, and the Nasdaq Composite was up 1.2%.Stocks have regained losses from earlier in the week on concerns that the deteriorating situation in the Middle East could disrupt global oil flows. Oil prices rose again on Friday, but the move was much more subdued than earlier…
Renowned crypto analyst Ali Martinez highlighted X and shared that the Dogecoin (DOGE) whale has purchased over 1 billion DOGE (worth about $108.7 million) in the past 24 hours.Also read: Ethereum falls 15% amid Middle East crisis: Key insights for tradersThe current price hike in DOGE may be due to this panic buying. The asset rose 6.2% on the daily chart, 1.5% on the 14-day chart, and 12% month-on-month. The original meme coin is also up 76.6% since October 2023. Despite the rise, the asset is still down 12.3% on the weekly chart.Source: CoinGeckoReasons behind Dogecoin’s riseElon Musk’s influenceDOGE’s recent…
Traditional DeFi wallets can be difficult to access for users, especially new investors. These platforms often require a level of understanding that users, including institutional and crypto-focused investors, do not have. Therefore, you may make mistakes that can lead to financial losses. Additionally, savvy analysts and experts speculate that both Dogecoin (DOGE) and Shiba Inu (SHIB) could reach $10, which would mean a significant jump in the prices of both tokens. . But in fact, the WallitIQ (WLTQ) presale has been quietly gaining attention among traders and investors. WallitIQ (WLTQ) revolutionizes the security and accessibility of DeFi wallets There is…