Germany Consolidates its MiCA Leadership: Six More Banks Added to EU Crypto Register

Germany continues to lead the way in crypto regulation, once again demonstrating its dominance with the latest figures. Six new banks have been added to the official EU crypto register, bringing the total number of registered crypto-asset service providers in the country to an impressive 79. This makes Germany the unrivaled frontrunner in the EU, with France and the Netherlands trailing at a considerable distance. This isn’t merely a coincidence—it’s the result of a deliberate strategy that positions Germany as Europe’s hub for digital assets.
What fascinates me is how rapidly this shift is happening. Since MiCA came into force in June 2024, an increasing number of financial institutions and fintechs have chosen to register in Germany. And there’s good reason for this: while other countries struggle with implementation, Germany offers clear rules and proven supervision. The BaFin, for instance, has had experience with crypto since 2013—a rarity in Europe. This provides companies with the security they need, and it’s something they can clearly feel.
Why Germany is the top choice for crypto businesses
There are several reasons why Germany is becoming the first port of call for crypto companies. First, it has had a clear legal framework for crypto service providers since 2013. This isn’t just a luxury; it’s a real asset. When you’ve had years of experience with regulation, implementing new rules like MiCA becomes much easier. Second, Germany boasts a strong banking sector. The fact that traditional banks like Commerzbank and DZ Bank are now entering the crypto market shows that the industry has gone mainstream. Third, there’s the matter of taxation. Under certain conditions, private crypto transactions are tax-free—a major advantage compared to many other EU countries that still have uncertain regulatory frameworks.
This stability makes Germany



an ideal location for long-term investments in blockchain technology. Of course, there’s criticism too—some startups argue that high compliance costs and bureaucratic hurdles are too burdensome. And yes, countries like Malta or Portugal market themselves with looser regulations. But as long as we can maintain a balance between innovation and regulation, Germany will hold its position.
Banks as game-changers
What I find particularly exciting is how traditional finance and the crypto sector are increasingly converging. The newly registered banks in the EU crypto register are the best proof of this. They’re not just offering crypto-asset custody; they’re developing their own blockchain solutions or integrating digital assets into their product portfolios. Commerzbank has recently applied for a crypto custody license, while DZ Bank is working on solutions for its customers—these are no longer niche players, but serious industry actors.
This shows that crypto is no longer just a topic for tech visionaries, but for the entire financial sector. And Germany is right at the heart of it.
Outlook: Where is this heading?
As MiCA is fully implemented by the end of 2024, it remains to be seen whether our lead will hold. The EU Commission and the EBA will closely monitor implementation—and other countries won’t stand still. Nations like Switzerland, Singapore, and the USA are also vying to attract crypto businesses. To maintain our position, we must not only keep regulatory barriers low but also invest in innovation and infrastructure.
The latest developments give us reason for optimism. Germany is setting benchmarks—and forcing other EU countries to follow suit. Whether we can maintain our leadership in the long run depends on how well we manage to balance innovation with regulation. But one thing is certain: on this path, we’re already one big step ahead.