The German Parliament (Bundestag) passed the "Digitalization of Financial Markets Act" this week in response to industry demands, ensuring legislation is in place before the full implementation of the EU cryptocurrency regulation MiCA on December 30. The bill introduces the "Cryptocurrency Market Regulation Act" and stipulates a one-year transition period for MiCAR's "grandfather clause," allowing companies with existing licenses to continue operating during this time. (Ledger Insights)