MiCA Germany 2025

Germany MiCA (Markets in Crypto Assets) crypto requirements 2025

The EU's Markets in Crypto-Assets (MiCA) regulation, effective December 30, 2024, mandates that all crypto-asset service providers (CASPs) in Germany obtain authorization from the Federal Financial Supervisory Authority (BaFin) to continue operations. Germany has established a 12-month transitional period during which existing CASPs can operate under current regulations while seeking MiCA authorization.

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The Markets in Crypto-Assets (MiCA) regulation introduces a comprehensive framework for crypto-asset service providers (CASPs) across the European Union, including Germany. Key dates for Germany are as follows:

• June 30, 2024: Provisions for asset-referenced tokens (ARTs) and e-money tokens (EMTs) become applicable.
• December 30, 2024: MiCA's full provisions come into effect, requiring CASPs to obtain authorization from the Federal Financial Supervisory Authority (BaFin) to continue operations.
• December 30, 2025: Germany has established a 12-month transitional period during which existing CASPs can operate under current regulations while seeking MiCA authorization. This period concludes on December 30, 2025, after which only authorized entities may legally provide crypto-asset services.
  
  

Here’s how Scorechain’s AML compliance tools can support crypto-asset service providers (CASPs) in Germany in meeting MiCA requirements while addressing local regulatory standards:

How Scorechain Supports MiCA Compliance for CASPs in Germany

1. Mandatory Licensing:
   In Germany, CASPs must comply with MiCA’s EU-wide licensing requirements and register with BaFin (the Federal Financial Supervisory Authority) for local operations. Scorechain provides a robust compliance framework, helping CASPs maintain a clear audit trail and meet local regulatory expectations.
2. Enhanced Due Diligence (CDD):
   German AML laws require stringent customer due diligence, which aligns with MiCA's standards. Scorechain’s tools help CASPs verify wallet screening, assess risk levels, and monitor transactions, ensuring compliance with both BaFin’s requirements and EU regulations.
3. Reporting Obligations:
   Scorechain simplifies the reporting of suspicious activities to Germany’s Financial Intelligence Unit (FIU, or Zentralstelle für Finanztransaktionsuntersuchungen). Its Suspicious Activity Reporting (SAR) capabilities ensure CASPs meet MiCA obligations while aligning with local German reporting standards.
4. Internal Controls:
   German CASPs are required to implement robust internal policies under the Money Laundering Act (Geldwäschegesetz, GwG). Scorechain helps organizations create tailored compliance programs, combining MiCA’s requirements with Germany’s specific regulatory needs for effective risk management.
5. Regulatory Oversight:
   Scorechain provides real-time data analytics and reporting dashboards that meet the high transparency expectations of BaFin. This facilitates regulatory supervision and helps German CASPs comply with MiCA’s requirements while maintaining efficient collaboration with national authorities.

Why Scorechain is Ideal for German CASPs

By integrating Scorechain’s AML solutions, CASPs operating in Germany can:

• Align seamlessly with MiCA and BaFin’s regulations.
• Build trust with customers and regulators by ensuring operational transparency.
• Mitigate risks through automated transaction monitoring and robust internal controls.

Scorechain empowers German CASPs to navigate the evolving regulatory landscape confidently, ensuring compliance with MiCA and fostering trust in the German crypto market.

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