The European Union is on the brink of significant regulatory changes that promise to reshape the landscape for stablecoins. With the implementation of the Markets in Crypto-Assets Regulation (MiCA) slated for December 30, 2024, this legislation is set to provide a comprehensive framework for managing digital assets. By establishing clear rules around stablecoin issuance, reserve […]
Coinbase Cuts Stablecoins Ahead of EU Regulations
Coinbase, a leading cryptocurrency exchange, recently announced a significant strategic move as the European Economic Area (EEA) braces for stricter regulations concerning stablecoins. This decision reflects not only the importance of compliance with upcoming regulations but also the growing pressures on digital asset platforms to adhere to evolving financial standards. Effective December 30, 2024, Coinbase […]
Latvia Provides Free Pre-Licensing Consultations for Crypto-Asset Service Providers Ahead of New EU Regulations
As the European Union gears up for the implementation of new regulations governing crypto-assets, Latvia is taking proactive steps to ensure that local crypto-asset service providers (CASPs) are fully prepared. The central bank of Latvia has announced the provision of free pre-licensing consultations to assist these companies in navigating the forthcoming Markets in Crypto-Assets Regulation […]