PANews December 21 news, according to Ledger Insights, the German parliament has passed the (Financial Markets Digitalization Act). This act not only involves cryptocurrencies and MiCAR but also impacts other EU laws such as DORA and the Funds Transfer Regulation. Most of the European crypto-assets market regulation (MiCAR) will take effect at the end of the year, but German companies are unable to obtain MiCAR cryptocurrency licenses issued by BaFin due to legislative delays. Foreign companies can operate freely in Germany and the EU after obtaining licenses elsewhere. Each country must designate a regulatory authority to issue licenses for crypto asset service providers; in Germany, it is BaFin, but the related legal draft had previously not been passed.