Licence type
MiCA CASP authorisation granted by BaFin under national law FinmadiG/KMAG; replaces the legacy KWG crypto-custody business licence, with a simplified transition for existing KWG-licensed firms.
Regulator
BaFin (Bundesanstalt fur Finanzdienstleistungsaufsicht) with Deutsche Bundesbank involvement; applications go to both. Widely regarded as the EU's most demanding CASP regulator.
Capital requirement 🔒
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Timeline to authorisation 🔒
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Local substance 🔒
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Application cost 🔒
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Ongoing cost 🔒
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Passporting 🔒
Full details for this dimension, including verification date and source reference, are available with a Founder Pass or Pro subscription.
MiCA CASPs approved 🔒
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Key restrictions 🔒
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Recent changes
FinmadiG + KMAG in force 27 Dec 2024; Germany used a 12-month grandfathering (apply before 8 Oct 2025; effective end-2025). By mid-2026 the EU's #1 hub - ~57 CASP authorisations (~23% of the EU's ~244), incl. Trade Republic, N26, Commerzbank, Bitpanda.
Difficulty rating 🔒
Full details for this dimension, including verification date and source reference, are available with a Founder Pass or Pro subscription.
Track Germany
Get an email when this regime changes, fee schedules, capital rules, transition deadlines.
Informational only, not legal advice. Entries marked as placeholder or awaiting verification must not be relied on. Confirm all requirements with Germany's regulator and qualified local counsel before acting.