Boerse Stuttgart Digital, a unit of exchange operator Boerse Stuttgart, said it was granted a crypto asset service provider license (CASP) by German regulator BaFin, allowing it to provide services across the EU under the bloc’s Markets in Crypto Assets (MiCA) regulations.

The company operates a brokerage and an exchange and intends to use the license to expand its offerings to financial institutions across Europe, Matthias Voelkel, CEO of Boerse Stuttgart Group, said in an emailed statement.

Companies have been fighting over MiCA licenses, which allow crypto-asset providers to operate across the 27-nation bloc. The requirement came into effect on December 30, before CASPs had to acquire licenses in each nation separately.

“The issuance of the MiCAR license, just a few weeks after the adoption of the required national legislation, also improves Germany’s overall competitiveness in the European crypto market,” Oliver Vins, Boerse Stuttgart Digital’s head of finance and regulation, said in the email .

Germany passed the legislation needed to implement MiCA days before the year’s deadline, despite political turmoil that resulted in an early election being called for February 23.

Boerse Stuttgart Digital joins MoonPay, BitStaete, ZBD and prime brokerage and clearing firm Hidden Road, which received the license from the Dutch Authority for Financial Markets (AFM) in December.

Read more: EU countries struggle to implement MiCA as deadline for Crypto Regulatory Revamp Looms

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