Boerse Stuttgart Digital has obtained a crypto asset service provider (CASP) license from the German regulator BaFin, enabling the provision of cryptocurrency services throughout the European Union under the new Markets in Crypto Assets (MiCA) regulations. This strategic move allows the company, which operates both a brokerage and an exchange, to expand its offerings for financial institutions across Europe, enhancing its market presence.

The CASP license, highly sought after since the MiCA regulations came into effect on December 30, allows firms to operate seamlessly across all 27 EU countries. Previously, crypto asset service providers needed to secure individual licenses in each member state, a cumbersome process now streamlined by the new regulatory framework.

This achievement not only marks a significant milestone for Boerse Stuttgart Digital but also strengthens Germany’s position as a competitive player in the European crypto market. According to Oliver Vins, the company’s chief finance and regulatory officer, the swift issuance of the MiCAR license shortly after national legislation underscores Germany’s proactive approach to fostering innovation and regulatory clarity in the burgeoning crypto sector.