Latest News

Pressure mounts on crypto exchanges operating in the country to comply with tighter rules to list stablecoins by the end of this year.

Less than 6% of Circle's workforce has been slashed following a review of its operations.

Circle, the issuer of the USD Coin stablecoin, has partnered with Pockyt, a global payments platform, to offer USDC-based pay-in and payout solutions for merchants worldwide. This collaboration also incorporates Circle's programmable wallets, creating a “Web2.

Circle has reduced its workforce by less than 6%, saying the layoffs are part of a routine review of investments and expenses as the company continues its global expansion.

The job cuts amount to "less than 6% of Circle's workforce," according to a company spokesperson.

Circle's compliance milestone promises streamlined cross-border transactions, reduced costs, and a strengthened trust framework for Canadian users.

USDC issuer Circle has announced that its regulated subsidiary is the first stablecoin issuer to meet the new regulatory requirements set by Canadian authorities. The move allows Circle's U.S. dollar-backed stablecoin, USDC, to remain available on registered crypto asset trading platforms in Canada.

The developer reported being locked out of Coinbase after attempting to make a transfer using its native stablecoin.

Turkey's crypto regulator reports 14 companies, including QNB Digital Assets, have filed for liquidation.

The top US-based crypto exchange by trading volume is ending its USDC Rewards program for European users. According to a screenshot shared by Marina Markezic, Coinbase is letting European Economic Area (EEA) clients know that USDC staking is coming to an end due to Markets in Crypto-Assets (MiCA) regulations.

With the full application of MiCA anticipated in December 2024, Coinbase is working to ensure its offerings in the EEA are compliant.

Coinbase has made waves in Europe after announcing that it would no longer offer its rewards program for USD Coin (USDC), a decision driven by new crypto regulations in the region.

USDC rewards will continue until Nov. 30, with final payouts by mid-December. MiCA's new rules require e-money token issuers to be licensed as electronic money institutions.

The European Union's Markets in Crypto-Assets (MiCA) laws are forcing the exchange to shut down its USDC rewards program. This change affects the European Economic Area (EEA), a group of 30 countries that includes all EU member states, Iceland, Norway, and Liechtenstein.

TL;DR Coinbase ends its USDC rewards program in Europe due to MiCA regulations, effective December 1, 2024. MiCA's stringent rules classify stablecoins as e-money tokens, imposing significant operational burdens and prohibiting interest on these tokens. Critics argue that MiCA stifles innovation and limits earning opportunities, potentially driving users away from European platforms.

The crypto exchange will end its USDC yield program for EEA customers on December 1, citing the EU's upcoming stablecoin regulations.

The MiCA regulation has not only brought greater regulatory clarity but also a series of disadvantages for USDC holders.

Coinbase will stop rewarding USDC holders in the European Economic Area (EEA) starting December 1st due to an upcoming MiCA regulation.

Coinbase announces the end of its USDC yield offerings on Dec. 1 for customers in the European Economic Area as a result of the region's MiCA stablecoin laws. In a Nov.

Coinbase users in Europe have expressed frustration over the region's evolving crypto regulations after the exchange announced it would discontinue its yield program for the stablecoin USD Coin (USDC). The decision, communicated via email to affected users on November 28, is attributed to the European Union's Markets in Crypto-Assets (MiCA) regulatory framework.

Coinbase will end USDC rewards in the EEA on Dec. 1, citing compliance with the EU's new MiCA regulation. The post Coinbase Ends USDC Rewards for Europe-Based Customers in Response to MiCA appeared first on Cryptonews.

Some Coinbase users are airing frustration at the region's MiCA laws, which is forcing the exchange to stop offering yield on USDC in the European Economic Area.

Coinbase has announced that it will stop offering USDC rewards to users in the European Economic Area (EEA) starting December 1. This change is linked to the upcoming Markets in Crypto-Assets (MiCA) regulations, which aim to create a unified legal framework for digital assets across Europe.

Coinbase USDC earn program will be discontinued for EEA users starting December 1 due to compliance with the EU's upcoming MiCA regulations.