Boerse Stuttgart receives first crypto license in Germany under MiCA
Analysis
Price Impact
MedPositive news for the crypto market as germany grants its first mica license, boosting investor confidence and potentially increasing institutional adoption of crypto assets. however, the impact is not expected to be huge in the short term.
Trustworthiness
HighThe source is a reputable news outlet reporting on a significant regulatory development. the licensing of boerse stuttgart digital custody under mica is a verifiable event.
Price Direction
BullishIncreased regulatory clarity and the potential for more institutional investments may lead to a positive price movement for major cryptocurrencies.
Time Effect
LongThe long-term effects of mica and increased regulatory clarity are likely to be more substantial than short-term market fluctuations. increased institutional adoption will take time.
Original Article:
Article Content:
Zoltan Vardai 1 minute ago Boerse Stuttgart receives first crypto license in Germany under MiCA Boerse Stuttgart Digital Custody becomes Germany’s first fully licensed crypto asset service provider under the EU’s MiCA framework just two weeks after coming into full effect in Europe. 2 Total views Listen to article 0:00 News COINTELEGRAPH IN YOUR SOCIAL FEED Follow our Subscribe on Boerse Stuttgart Digital Custody has become Germany’s first crypto asset service provider to receive a full license under the European Union’s new Markets in Crypto-Assets Regulation (MiCA). Boerse received a Europe-wide license, as part of the firm’s efforts to become a regulated infrastructure provider for banks, brokers and asset managers. The company was granted the license on Jan. 17 by Germany’s Federal Financial Supervisory Authority, known as BaFin. Bernd Stockmann, head of group communications at Boerse Stuttgart Group, confirmed the achievement in an email to Cointelegraph. “We can confirm that we received an official Authorisation from BaFin to provide crypto asset services. We received the license this morning,” he stated. The license approval comes over two weeks after the implementation of Europe’s MiCA the world’s first comprehensive regulatory crypto framework, which went into full effect for crypto-asset service providers on Dec. 30. Related: 20% of Gen Z, Alpha sees crypto as retirement alternative: Report This is a developing story, and further information will be added as it becomes available. # Cryptocurrencies # Altcoin # Business # Europe # Investments # Adoption # Cryptocurrency Exchange # DeFi # MiCA # Regulation Add reaction