German Crypto Milestone: Boerse Stuttgart Secures First MiCA License
by aria-crypto.com
January 17, 2025 at 14:16
German Crypto Milestone: Boerse Stuttgart Secures First MiCA License
Boerse Stuttgart Digital Custody has become the first German crypto asset service provider to secure a complete license under the new EU Markets in Crypto-Assets Regulation (MiCA).
This landmark license, granted by Germany’s Federal Financial Supervisory Authority (BaFin) on January 17, enables Boerse Stuttgart to provide regulated crypto services across Europe.
The approval, coming shortly after MiCA's implementation on December 30, 2024, marks an important moment for crypto regulation globally.
Bernd Stockmann, Boerse Stuttgart Group's head of communications, confirmed the news, highlighting the firm’s new capabilities to serve banks, brokers, and asset managers with regulated infrastructure.
Industry experts see MiCA as a positive development for the global crypto market but also caution about possible regulatory overreach.
This comprehensive framework is designed to address potential weaknesses in the crypto industry, increasing scrutiny for retail investors and end-users.
Moreover, MiCA could lead to enforcement actions against blockchain protocols that do not meet its standards.
Fideum's CTO, Dmitrij Radin, noted the significance of MiCA in stabilizing the crypto landscape and identifying critical control points.
Such regulatory advancements are expected to influence how major financial institutions approach crypto, with players like Societe Generale already moving towards compliance.
Boerse Stuttgart's achievement is seen as a stepping stone towards a more regulated and stable crypto environment in Europe.
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