Overview

Boerse Stuttgart Digital has received a MiCA crypto asset service provider license from German regulator BaFin, enabling it to deliver services across the European Union under the new Markets in Crypto Assets (MiCA) framework.

Key Highlights

• The entity aims to expand offerings for financial institutions throughout Europe.
• This award places Boerse Stuttgart alongside firms like MoonPay and BitStaete, which obtained similar licenses in December.

The issuance of the MiCA license is a significant step for Boerse Stuttgart Digital, which operates brokerage and exchange services. Matthias Voelkel commented in a statement that this license will broaden their service capabilities in the financial sector.

The MiCA licensing requirement, effective since December 30, previously mandated separate licenses for each EU nation, highlighting the importance of this new regulatory environment.

Oliver Vins further stated, "The issuance of the MiCAR license, just a few weeks after the adoption of the required national legislation, also enhances Germany's overall competitiveness in the European crypto market."

Germany's swift action to pass the necessary legislation prior to the year-end deadline comes amid political upheaval leading to early elections scheduled for February 23.

This licensing framework is crucial for ensuring that crypto asset service providers can operate seamlessly within the European market.