Jurisdiction reference
Germany
Regulator: BaFin. License/registration context: Licensing. 146 VASP/entity records are tracked by Plexo Institute in Germany. Official registry source: BaFin Crypto Custody Register. Data last updated: 2026-09-24.
Germany now regulates stablecoins under the EU's Markets in Crypto-Assets Regulation (MiCAR), effective mid-2024 for stablecoin issuers. Germany's supervisor BaFin has approved the euro-backed stablecoin EURAU via EMI license to AllUnity. Stablecoins are recognized as either e-money tokens or asset-referenced tokens under MiCAR and require full compliance with transparency, consumer protection, and reserve requirements.
Regulatory Status
- Jurisdiction code
- DE
- Regime
- Licensing
- Regulator
- BaFin
- Governing law
- KWG / MiCA
- Travel Rule
- Enforced
- Tracked entities
- 146
- Recognized stablecoin backing
- fiat-backed, crypto-backed, commodity-backed
- Yield-bearing stablecoins
- Restricted
- Currency
- EUR
Licensed entities in Germany
Showing 100 of 146 regulated-entity records tracked in Germany by Plexo Institute.
| Entity | Status | License type |
|---|---|---|
| BitGo Europe | Licensed | MiCAR CASP |
| Joh. Berenberg | Licensed | MiCAR CASP |
| 360 Treasury Systems | Licensed | MiCAR CASP |
| AGw Allgemeine Geldwechsel Förster GmbH Wechselstube am Steindamm | Licensed | Payment Institution (PI) |
| aifinyo payments | Licensed | Payment Institution (PI) |
| AirPlus International | Licensed | Payment Institution (PI) |
| ALD AutoLeasing D | Licensed | Payment Institution (PI) |
| Allane Mobility Consulting | Licensed | Payment Institution (PI) |
| AllUnity | Licensed | E-Money Institution (EMI) |
| Alphabet Fuhrparkmanagement | Licensed | Payment Institution (PI) |
| AnCeKa Vermögensbetreuungs Aktiengesellschaft | Licensed | MiCAR CASP |
| APS AVIA Payment Service | Licensed | E-Money Institution (EMI) |
| ARVAL Deutschland | Licensed | Payment Institution (PI) |
| B+S Banksysteme Aktiengesellschaft | Licensed | Payment Institution (PI) |
| B2Mobility | Licensed | E-Money Institution (EMI) |
| Baader Bank Aktiengesellschaft | Licensed | MiCAR CASP |
| Baden-Württembergische Wertpapierbörse | Licensed | MiCAR CASP |
| Bankhaus Scheich Wertpapierspezialist | Licensed | MiCAR CASP |
| BANKSapi Technology | Licensed | Payment Institution (PI) |
| Bechtle Financial Services | Licensed | Payment Institution (PI) |
| Billie | Licensed | Payment Institution (PI) |
| Bitpanda Asset Management | Licensed | MiCAR CASP |
| Boerse Stuttgart Digital Custody | Licensed | MiCAR CASP |
| BPI - Gemini Express Gesellschaft mit beschränkter Haftung | Licensed | Payment Institution (PI) |
| Buhl-Data-Service | Licensed | Payment Institution (PI) |
| Bullish Europe | Licensed | MiCAR CASP |
| BV & P Vermögen | Licensed | MiCAR CASP |
| Cbn Germany | Licensed | Payment Institution (PI) |
| cflox | Licensed | Payment Institution (PI) |
| cleverbridge Financial Services | Licensed | Payment Institution (PI) |
| Commerz Globalpay | Licensed | Payment Institution (PI) |
| Commerzbank Aktiengesellschaft | Licensed | MiCAR CASP |
| Concedus | Licensed | MiCAR CASP |
| Crypto Finance | Licensed | MiCAR CASP |
| CSI-Club Südamerika International | Licensed | Payment Institution (PI) |
| DekaBank Deutsche Girozentrale | Licensed | MiCAR CASP |
| DelFactis | Licensed | Payment Institution (PI) |
| Deutsche Bank Aktiengesellschaft | Licensed | MiCAR CASP |
| Deutsche Post Zahlungsdienste | Licensed | E-Money Institution (EMI) |
| Deutsche WertpapierService Bank | Licensed | MiCAR CASP |
| Dietrich & Richter Private Asset Management | Licensed | MiCAR CASP |
| DLT Securities | Licensed | MiCAR CASP |
| Donau-Iller-Bank | Licensed | MiCAR CASP |
| DonauCapital Wertpapier | Licensed | MiCAR CASP |
| dwins | Licensed | Payment Institution (PI) |
| DZ BANK AG Deutsche Zentral-Genossenschaftsbank | Licensed | MiCAR CASP |
| EURO CHANGE WECHSELSTUBEN Aktiengesellschaft | Licensed | Payment Institution (PI) |
| EURO Kartensysteme | Licensed | Payment Institution (PI) |
| eurodata Zahlungsdienste | Licensed | Payment Institution (PI) |
| Euwax | Licensed | MiCAR CASP |
| Exchange Zahlungsdienste | Licensed | Payment Institution (PI) |
| FAP Debt Services | Licensed | Payment Institution (PI) |
| Fels wealth | Licensed | MiCAR CASP |
| FIDUS Finanz | Licensed | MiCAR CASP |
| finAPI | Licensed | Payment Institution (PI) |
| Finion Capital | Licensed | Payment Institution (PI) |
| fino run | Licensed | Payment Institution (PI) |
| First Data | Licensed | E-Money Institution (EMI) |
| flatexDEGIRO Bank | Licensed | MiCAR CASP |
| Förder- und Betreibergesellschaft Trabrennsport mbH | Licensed | Payment Institution (PI) |
| Forteil | Licensed | Payment Institution (PI) |
| Frankfurter Volksbank Rhein/Main | Licensed | MiCAR CASP |
| GP Payments Acquiring International | Licensed | Payment Institution (PI) |
| Hannoversche Volksbank | Licensed | MiCAR CASP |
| Hauck Aufhäuser Digital Custody | Licensed | MiCAR CASP |
| Haufe Service Center | Licensed | Payment Institution (PI) |
| Hays Talent Solutions | Licensed | Payment Institution (PI) |
| Hoa Le Finanztransfer | Licensed | Payment Institution (PI) |
| Holman | Licensed | Payment Institution (PI) |
| HonorarKonzept | Licensed | Payment Institution (PI) |
| Hubject Financial Services | Licensed | Payment Institution (PI) |
| Huddlestock | Licensed | MiCAR CASP |
| Hyphe Markets | Licensed | MiCAR CASP |
| IC Cash Services | Licensed | Payment Institution (PI) |
| IG Europe | Licensed | MiCAR CASP |
| Ihre Volksbank eG Neckar Odenwald Main Tauber | Licensed | MiCAR CASP |
| InternetQ | Licensed | Payment Institution (PI) |
| ISF Institut Deutsch-Schweizer Finanzdienstleistungen | Licensed | MiCAR CASP |
| JT Technologies | Licensed | MiCAR CASP |
| kitafino | Licensed | Payment Institution (PI) |
| Lang & Schwarz TradeCenter AG & Co | Licensed | MiCAR CASP |
| Lavego | Licensed | Payment Institution (PI) |
| LOGPAY Financial Services | Licensed | Payment Institution (PI) |
| Lunadis Gmbh + CO | Licensed | Payment Institution (PI) |
| MAN Finance & Mobility Services | Licensed | Payment Institution (PI) |
| MARKANT European Payment Services | Licensed | Payment Institution (PI) |
| Mercedes-Benz Leasing Deutschland | Licensed | Payment Institution (PI) |
| MLP Banking | Licensed | MiCAR CASP |
| Mobile Business Engine | Licensed | Payment Institution (PI) |
| Mobility Concept | Licensed | Payment Institution (PI) |
| Money Exchange Deutschland | Licensed | Payment Institution (PI) |
| Moss | Licensed | E-Money Institution (EMI) |
| MRH applications | Licensed | Payment Institution (PI) |
| N26 Bank | Licensed | MiCAR CASP |
| Nexi Germany | Licensed | E-Money Institution (EMI) |
| Novalnet | Licensed | Payment Institution (PI) |
| OTTO Payments | Licensed | Payment Institution (PI) |
| OWNLY FinTech | Licensed | Payment Institution (PI) |
| PAVIS Payments | Licensed | Payment Institution (PI) |
| PayByPhone Deutschland | Licensed | Payment Institution (PI) |
Browse all 146 records in the regulated-entity registry, including the remaining 46 in Germany.
Relationship Graph
Jurisdiction FAQ
Who regulates Germany?
The current Plexo Institute record lists BaFin as the regulator for Germany.
How many VASPs are tracked in Germany?
146 VASP/entity records are tracked by Plexo Institute in Germany.
What is the Travel Rule status in Germany?
The current Plexo Institute record lists the Travel Rule status for Germany as Enforced.
Source Evidence
This profile is compiled from official legislation and regulator records. Source confidence: official source evidence.