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Germany

DE / DEULegal — Regulated

BaFin was early adopter of crypto licensing. MiCA fully applicable since Dec 2024. Custody license (§32 KWG) required for institutional services. Strong DeFi protocol scrutiny.

Key Regulations

MiCA (EU 2023/1114)KWG (Banking Act)GeldwäscheG (AML)EU AI Act (2024/1689)

Regulatory Context

Crypto assets are legal in Germany under applicable regulatory frameworks. Exchanges and service providers typically require registration or licensing with BaFin. AML/KYC obligations apply to virtual asset service providers (VASPs) under FATF guidance.

Regulatory Profile

Primary Regulator

BaFin

Official site

Currency

EUR

MiCA Applies

Yes — EU/EEA

FATF Member

Yes

OFAC Sanctions

None

G20 / OECD

G20 · OECD

SL-1 API Call

{
  "action": "place_order",
  "actor": {
    "declared_jurisdiction": "DE"
  }
}

Expected verdict

COMPLIANT

Test SL-1 on your protocol →

Other Legal — Regulated Jurisdictions