The post Boerse Stuttgart awarded first CASP license in Germany under MiCA appeared on BitcoinEthereumNews.com.

Boerse Stuttgart Digital has become the first German firm to secure a license as a crypto-asset service provider under the European Union’s Markets in Crypto-Assets regulations.  The license, awarded by Germany’s financial regulator BaFin, allows the company to provide crypto services across the EU, according to Ledger Insights.  The approval comes after Germany resolved regulatory delays linked to its recent coalition government collapse. Legislation designating BaFin as the local MiCA regulator was finalized by the Bundestag just before Christmas, enabling firms like Boerse Stuttgart Digital to proceed with licensing. Boerse Stuttgart’s crypto venture  Boerse Stuttgart Digital has extensive experience in the crypto space and strong institutional partnerships. It serves as a key partner for DZ Bank, which recently began piloting retail crypto solutions for its 737 German community banks. Since launching a retail-focused joint venture with Axel Springer in 2019, the firm has positioned itself as a leader in Germany’s digital asset ecosystem. Dr. Matthias Voelkel, CEO of Boerse Stuttgart Group, shared the company’s ambitions to expand its offerings: “We will broaden Boerse Stuttgart Digital’s offerings with integrated solutions for financial institutions across Europe, accelerating the internationalization and structural growth of our digital business,” Voelkel said. The German firm will face competition from other MiCA-compliant providers in Europe. For instance, Switzerland-based Sygnum Bank, which recently obtained a CASP license in Liechtenstein, serves over 20 financial institutions, including Swiss PostFinance. With its new license, Boerse Stuttgart Digital aims to leverage its institutional expertise to tap into the growing EU crypto market. Source: https://crypto.news/boerse-stuttgart-awarded-first-casp-license-in-germany-under-mica/

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Filed under: News - @ January 17, 2025 4:28 pm