Travel Rule in Germany: Before and After the EU's TFR

“This document highlights both the requirements of the current regulation in Germany, the forthcoming changes for German VASPs, and the application of the new TFR.”

The Travel Rule in Germany is enforced through the Kryptowertetransferverordnung (KryptoWTransferV), following the German Money Laundering Act [GwG], which became effective on 1 January 2020.

By leveraging 21 Analytics’ technical Travel Rule expertise and KPMG Germany’s extensive regulatory knowledge, we tackled the German Travel Rule, providing a concise summary while discussing what changes for German CASPs with the application of EU’s Transfer of Funds Regulation (TFR). 

Germany has a thriving crypto economy and was one of the first countries to allow financial institutions to custody crypto assets. Become a part of the German crypto ecosystem today.

Let us and KPMG Germany guide your crypto business to comply with the German Travel Rule.