The Boerse Stuttgart Digital publishes in one Press release on January 17, obtaining an EU-wide Markets in Crypto Assets Regulation (MiCAR) license. This makes it the first German provider in the area of crypto assets that is allowed to offer crypto services across the EU in accordance with MiCAR.
EU-wide regulation
The license was granted to Boerse Stuttgart Digital Custody GmbH, the company’s institutional crypto custody subsidiary, and consolidates the company’s position as a leading provider of regulated infrastructure for banks, brokers and asset managers in Europe Crypto-Sector.
Dr. Matthias Voelkel, CEO of the Börse Stuttgart Group, emphasizes that receiving the MiCAR license represents a significant milestone and forms the basis for the expansion of integrated solutions for financial institutions across Europe. Dr. Oliver Vins, Managing Director and Chief Finance & Regulatory Officer of Boerse Stuttgart Digital, underlines the company’s claim to help shape transparent, secure and regulated crypto markets and sees the rapid granting of licenses as strengthening Germany’s competitiveness in the European crypto market.
Turning point for the crypto market
MiCAR represents a crucial step towards harmonizing regulatory standards for trading and custody of cryptocurrencies, such as Bitcoin (BTC) within the EU. The regulation is intended to lead to increased legal certainty and a uniform market environment. It is also intended to make it easier for companies to access a harmonized European crypto market by replacing different national regulations. Like we were in the just before Christmas Crypto News reported created Germany at the last minute the basis for the implementation of the regulation in Germany in order to ensure the competitiveness of German crypto providers.
Since December 30, 2024, all European crypto service providers must have this license in order to continue operating. This represents a fundamental change for the sector, which was previously regulated at national level.
That’s how far the competition is
Obtaining licenses is obviously a key focus for the competitive field across the EU. By reaching this milestone, the Stuttgart Stock Exchange is currently joining a growing pool of license holders. Dutch payments company ZBD was the first to receive a MiCAR license from the Dutch Financial Markets Authority (AFM). Among others, Crypto.com recently received a provisional MiCAR license from Malta.
Based on this license, Boerse Stuttgart Digital plans to further expand its international offering for banks, brokers and asset managers and thus consistently continue the internationalization and structural growth of its digital business.