⚖️ The EU has introduced fines of up to 10% of turnover for illegal use of stablecoins
According to the MiCA regulation (effective from 30.06.2024):
Stablecoins without ECB licensing are prohibited
Example: action against Tether (EUR₮) in Germany on 12.08.2024
Exception: ECB CBDC pilots on RippleNet and Quant.
