Coinbase to Automatically Convert 14 Restricted Crypto Assets for EEA Users on October 30 Under Coinbase’s previously announced MiCA compliance measures, retail users in the European Economic Area (EEA) must withdraw 14 restricted crypto assets, including USDT, PYUSD, USD1, DAI,…
d PAXG, before October 30. On that date, Coinbase will automatically convert remaining balances into USDC or other supported assets or currencies at prevailing market rates
Trading and conversions of these assets have already been restricted. Coinbase warned that deposits received after the deadline will not be credited to user accounts or included in the automatic conversion process, and recovery cannot be guaranteed. The restrictions affect assets issued by Tether, PayPal, and Trump-linked World Liberty Financial, among others. — link