New German rules on crypto assets

New German rules on crypto assets | JD Supra

On November 29, 2019, the German legislator adopted new rules on crypto assets. The new rules have been adopted as part of the implementation of Directive (EU) 2018/843 of 30 May 2018 ( 5th AML Directive). Under the 5th AML Directive, the domestic law of EU member states has to provide that custodian wallet providers are subject to anti-money laundering requirements.