Blab Crypto
Germany Publishes KMAnzV, Clarifying Crypto-Asset Service Provider Notification Rules
On 26 May 2026 the German Federal Gazette (Bundesanzeiger) published the Ordinance on Notifications and the Submission of Documents under the Crypto Markets Supervision Act (Verordnung über die Anzeigen und die Vorlage von Unterlagen nach dem Kryptomärkteaufsichtsgesetz – KMAnzV). The ordinance, issued by the Federal Financial Supervisory Authority (BaFin), sets out the specific notification and document‑submission obligations that crypto‑asset service providers (CASPs) and other regulated entities must follow under Germany’s Crypto Markets Supervision Act (KMAG).
The KMAnzV is a key implementation step in Germany’s national framework that mirrors the European Union’s Markets in Crypto‑Assets Regulation (MiCA). MiCA entered into force in June 2023, and Germany adopted its own counterpart, the KMAG, in the Federal Law Gazette on 27 December 2024. The KMAG became effective on the same day, giving BaFin national MiCA‑supervision powers over crypto markets, including authorisation, reporting, custody, enforcement and sanctions.
Under the KMAG, CASPs are required to register with BaFin and comply with a range of regulatory obligations. The KMAnzV expands on those obligations by detailing the exact notifications that must be filed and the documents that must be submitted to BaFin. The ordinance applies from 1 July 2026, giving firms a two‑month window to prepare for the new reporting regime.
The KMAnzV is described as a “near‑term implementation checkpoint” that clarifies the practical steps CASPs must take to meet the KMAG’s requirements. While the KMAG sets the overarching regulatory framework, the KMAnzV provides the operational guidance needed for day‑to‑day compliance. The ordinance does not introduce new substantive rules but codifies the notification process, ensuring that BaFin can receive timely information on the activities of crypto‑asset service providers.
The publication of the KMAnzV follows a broader trend of Germany tightening its crypto‑asset regulatory regime. In early 2025 BaFin released a draft of the Crypto Market Disclosure Regulation, and in late 2024 it announced that the KMAG would grant it national MiCA‑supervision powers. The KMAnzV is part of this continuum, giving regulators a clear framework for monitoring and enforcing compliance.
For CASPs, the KMAnzV means that, in addition to the baseline registration and ongoing reporting obligations set out in the KMAG, they must submit specific notifications to BaFin. These notifications cover changes in ownership, significant transactions, and other events that could affect the integrity of the crypto market. The ordinance also specifies the types of documents that must accompany each notification, such as internal risk assessments, AML/KYC records, and technical documentation on the platforms used.
The KMAnzV’s effective date of 1 July 2026 aligns with the deadline for the transition from the MiCA‑grandfathering period, which allows existing crypto firms to operate under national rules until mid‑2026. After that date, all crypto‑asset service providers in Germany will be required to operate fully under the KMAG framework, with the KMAnzV providing the detailed procedural guidance.
The German Federal Gazette’s publication of the KMAnzV is a formal step that confirms the regulatory environment for crypto‑asset service providers. It signals that BaFin is ready to enforce the notification regime and that firms have a clear timetable for compliance. The ordinance does not alter the substantive rules of the KMAG, but it does give the regulator a concrete mechanism to monitor and verify the activities of CASPs.
In summary, the KMAnzV, published on 26 May 2026, clarifies the notification and document‑submission obligations for crypto‑asset service providers under Germany’s Crypto Markets Supervision Act. The ordinance becomes effective on 1 July 2026, providing a two‑month preparation period for firms. It is part of Germany’s broader effort to align its national crypto‑asset regulatory framework with the EU’s MiCA, ensuring that BaFin can effectively supervise and enforce compliance in the rapidly evolving digital‑asset market.
The KMAnzV is a key implementation step in Germany’s national framework that mirrors the European Union’s Markets in Crypto‑Assets Regulation (MiCA). MiCA entered into force in June 2023, and Germany adopted its own counterpart, the KMAG, in the Federal Law Gazette on 27 December 2024. The KMAG became effective on the same day, giving BaFin national MiCA‑supervision powers over crypto markets, including authorisation, reporting, custody, enforcement and sanctions.
Under the KMAG, CASPs are required to register with BaFin and comply with a range of regulatory obligations. The KMAnzV expands on those obligations by detailing the exact notifications that must be filed and the documents that must be submitted to BaFin. The ordinance applies from 1 July 2026, giving firms a two‑month window to prepare for the new reporting regime.
The KMAnzV is described as a “near‑term implementation checkpoint” that clarifies the practical steps CASPs must take to meet the KMAG’s requirements. While the KMAG sets the overarching regulatory framework, the KMAnzV provides the operational guidance needed for day‑to‑day compliance. The ordinance does not introduce new substantive rules but codifies the notification process, ensuring that BaFin can receive timely information on the activities of crypto‑asset service providers.
The publication of the KMAnzV follows a broader trend of Germany tightening its crypto‑asset regulatory regime. In early 2025 BaFin released a draft of the Crypto Market Disclosure Regulation, and in late 2024 it announced that the KMAG would grant it national MiCA‑supervision powers. The KMAnzV is part of this continuum, giving regulators a clear framework for monitoring and enforcing compliance.
For CASPs, the KMAnzV means that, in addition to the baseline registration and ongoing reporting obligations set out in the KMAG, they must submit specific notifications to BaFin. These notifications cover changes in ownership, significant transactions, and other events that could affect the integrity of the crypto market. The ordinance also specifies the types of documents that must accompany each notification, such as internal risk assessments, AML/KYC records, and technical documentation on the platforms used.
The KMAnzV’s effective date of 1 July 2026 aligns with the deadline for the transition from the MiCA‑grandfathering period, which allows existing crypto firms to operate under national rules until mid‑2026. After that date, all crypto‑asset service providers in Germany will be required to operate fully under the KMAG framework, with the KMAnzV providing the detailed procedural guidance.
The German Federal Gazette’s publication of the KMAnzV is a formal step that confirms the regulatory environment for crypto‑asset service providers. It signals that BaFin is ready to enforce the notification regime and that firms have a clear timetable for compliance. The ordinance does not alter the substantive rules of the KMAG, but it does give the regulator a concrete mechanism to monitor and verify the activities of CASPs.
In summary, the KMAnzV, published on 26 May 2026, clarifies the notification and document‑submission obligations for crypto‑asset service providers under Germany’s Crypto Markets Supervision Act. The ordinance becomes effective on 1 July 2026, providing a two‑month preparation period for firms. It is part of Germany’s broader effort to align its national crypto‑asset regulatory framework with the EU’s MiCA, ensuring that BaFin can effectively supervise and enforce compliance in the rapidly evolving digital‑asset market.
