CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
CoinDesk 2025-01-17 12:49:32

Boerse Stuttgart Digital Lands MiCA License From Germany

Boerse Stuttgart Digital, a unit of stock exchange operator Boerse Stuttgart, said it was granted a crypto asset service provider (CASP) license by the German regulator BaFin allowing it to provide services across the European Union under the bloc's Markets in Crypto Assets (MiCA) regulations. The company operates a brokerage and an exchange and intends to use the license to broaden its offerings for financial institutions across Europe, Matthias Voelkel, CEO of Boerse Stuttgart Group said in an emailed statement. Companies have been vying for MiCA licenses, which give crypto asset service providers permission to operate across the 27-nation bloc. The requirement came into force on Dec. 30, before which CASPs had to acquire licenses in each nation separately. “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,” Oliver Vins, Boerse Stuttgart Digital's chief finance and regulatory officer, said in the email. Germany passed the legislation needed to implement MiCA days before the year-end deadline despite political turmoil that resulted in an early election being called for Feb. 23 . Boerse Stuttgart Digital joins MoonPay, BitStaete, ZBD and prime brokerage and clearing company Hidden Road , who received the license from the Dutch Authority for the Financial Markets (AFM) in December. Read more: EU Countries Struggle to Implement MiCA as Deadline for Crypto Regulatory Revamp Looms .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.