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Coinbase to Restrict USDT, PAX, PYUSD, GUSD, GYEN, and DAI in Europe Due to MiCA Regulations

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by COINS NEWS 54 Views

Coinbase has just notified its European users of the following:

"Starting December 13, 2024, Coinbase will restrict services for USDT, PAX, PYUSD, GUSD, GYEN, and DAI for retail customers in Europe under MiCA regulations. Affected users can:

  1. Sell or convert these assets to USDC or EURC (which are MiCA-compliant).
  2. Transfer the restricted stablecoins to self-custody wallets before the deadline.

After this date, trading, custody, and receiving these assets on Coinbase will be unavailable. The platform may reintroduce services for compliant stablecoins in the future."

submitted by /u/monchimer
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