BaFIN Guidance on applications for authorisation for crypto custody business

Phone: 650.723.2465
Fax: 650.725.0253

Type: Informal guidance
Date: 03/30/2020
Agency: BaFIN
Jurisdiction: European Union
Type of Law: Federal
Status: Existing
Official URL: External link

These guidelines provide undertakings intending to submit an application for authorisation for crypto custody business within the meaning of section 1 (1a) sentence 2 no. 6 of the KWG with initial guidelines on the aspects, which BaFin considers to be particularly important for the authorisation process. Additionally, the guidance notice from Deutsche Bundesbank on the granting of authorisation to provide financial services of 6 July 2018 is applicable.