On 11 November 2026 at 09:55 (UTC+8), PANews reported, citing CryptoTicker, that a ministerial draft from Germany’s Federal Ministry of Finance dated 28 October would extend the country’s account inquiry system to crypto accounts.
Under the draft, crypto exchanges and other crypto-asset service providers would have to enter customer account master data into the account inquiry procedure in Section 24c of the German Banking Act. Authorities could then see which platform a user opened an account with, when it was opened, and whether the account still exists. Balances and individual transactions would not be included.
The draft would also allow the Financial Intelligence Unit (FIU), where money laundering is suspected, to freeze crypto-asset accounts for up to five working days. An objection would not lift the freeze.
The draft is still being coordinated among government departments and has not taken effect. A new anti-money-laundering law is planned to replace the current law on 10 July 2027.
Original report: PANews, 11 November 2026, citing CryptoTicker.
