One of its tasks is to ensure non-discriminatory access to infrastructure markets for all market participants: Former state monopolies have to share their infrastructure at a reasonable price to competitors, for example. Another task is consumer protection: In february 2017 they decided that an internet-enabled child's doll containing a microphone accessible remotely without any indication to the people using that doll should be “verboten” since they classified it as a hidden wiretapping device.
The federal network agency claims that XMPP clients have to be registered according to a German law that says that one has to be registered with (but does not need permission from) the agency if providing public communication services commercially.
https://en.wikipedia.org/wiki/Federal_Network_Agency
Edit: As other hackernews have pointed out, only the telecommunications stuff is supervised by the BMVI.