In July, Germany welcomed six new companies into its MiCA registry, among which five are cooperative banks. These institutions have been granted the authority to execute client orders involving digital assets, though they are not permitted to engage in the storage or exchange of these assets.
Currently, Germany boasts over 70 registered crypto service providers, surpassing any other EU nation. The country's regulatory body attributes this robust activity to its well-developed banking sector and the previous framework for cryptocurrency licensing.