PANews reported on January 17 that according to Ledger Insights, Boerse Stuttgart Digital, a subsidiary of Germany's second largest stock exchange, the Stuttgart Stock Exchange, announced that the German Federal Financial Supervisory Authority (BaFin) has granted it a Crypto Asset Service Provider (CASP) license in accordance with the Crypto Asset Market Regulation (MiCA) that will take effect at the end of 2024. This is the first company in Germany to obtain this license, allowing it to operate within the European Union. Matthias Voelkel, CEO of the Stuttgart Stock Exchange Group, said: "On this basis, we will expand the services of the Stuttgart Stock Exchange's digital department by providing comprehensive solutions for European financial institutions, accelerating the internationalization and structural growth of our digital business."

While several other jurisdictions have issued MiCA licenses, the collapse of the German coalition government has resulted in a lack of relevant legislation, including a bill to designate BaFin as the local regulator. The German Bundestag passed the bill just before Christmas.