Today Boerse Stuttgart Digital said that BaFin had awarded it a license as a crypto-asset service provider (CASP) under the MiCA regulations that came into force at the end of 2024. It’s the first German firm to receive the license that allows it to operate throughout the EU.
While several other jurisdictions have awarded MiCA licenses, the collapse of the German coalition meant that legislation to designate BaFin as the local regulator was missing, amongst other issues. Just before Christmas the German parliament (Bundestag) passed the relevant Bill.
Boerse Stuttgart Digital is one of a handful of firms with both deep crypto experience and strong institutional ties. It is the crypto partner for DZ Bank which is rolling out a retail solution for the 737 German community banks it serves, with the first pilot under way.
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