Germany passes MiCA implementation legislation at 11th hour

Quick Summary:

While Scholz's coalition collapsed, Germany managed to pass FinmadiG, giving relief to digital asset players awaiting a solid groundwork for the implementation of MiCA in the country.

The post Germany passes MiCA implementation legislation at 11th hour appeared first on CoinGeek.

MiCA also has transition clauses allowing firms with existing licenses to continue to operate for up to 18 months, with each jurisdiction deciding on the transition period.

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Article Details

Author / Journalist: James Field

Category: Crypto

Markets: CanadaGermanyIndiaNew Zealand

Topics: European Securities and Markets Authority Regulation Markets in Crypto-Assets European Union Finance BaFin FinmadiG Federal Financial Supervisory Authority

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-26 @ 16:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 866 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 24675715

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