German Parliament Passes the Financial Market Digitalization Act 🎉

On Wednesday, the German Parliament finally passed the Financial Market Digitalization Act (FinmadiG), paving the way for the MiCAR, which will come into full effect on December 30. This act not only concerns cryptocurrencies but also affects other EU laws, such as DORA and the Funds Transfer Regulation.

FinmadiG introduces the Cryptocurrency Market Regulation Act (KMAG), replacing Germany's old cryptocurrency rules with MiCAR. This change marks an important step for Germany in cryptocurrency regulation, bringing new opportunities and challenges to the market. 🔍

In this rapidly changing field, it is particularly important to stay informed and understand the latest developments. 📈