Germany's Financial Market Digitalisation Act (FinmadiG) aligns German financial-market law with MiCA and DORA, establishes national supervisory powers and enforcement mechanisms for BaFin, and addresses the transition from existing German crypto-custody regulation. It applies to German financial entities, CASPs and other firms affected by MiCA/DORA national implementation.
Gesetz zur Digitalisierung des Finanzmarktes (Finanzmarktdigitalisierungsgesetz — FinmadiG)
Also known as: Financial Market Digitalisation Act (Finanzmarktdigitalisierungsgesetz — FinmadiG)
Overview
Key Details
Jurisdiction
GermanyRegulator
BaFin (Federal Financial Supervisory Authority); German federal authorities
Law Type
Act
Status
In ForceOfficial Law Number
FinmadiG (BGBl. I 2024)
Official Title
Gesetz zur Digitalisierung des Finanzmarktes (Finanzmarktdigitalisierungsgesetz — FinmadiG)
Enacted Date
December 11, 2024
Effective Date
December 30, 2024
Who This Law Applies To
German financial entities, CASPs and other firms affected by MiCA and DORA national implementation.
Key Requirements
- Aligns German financial-market law with MiCA and DORA national implementation requirements.
- Establishes BaFin national supervisory powers and enforcement mechanisms.
- Addresses transition from existing German crypto-custody regulation under the KWG/WpIG framework.
Official Sources
Manual review requiredFind and link exact Bundesgesetzblatt record for FinmadiG with article-specific commencement dates. recht.bund.de homepage is not sufficient as primary source.
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Germany MiCA Authorisation
Regulation (EU) 2023/1114 and German implementation
Applies harmonised CASP and issuer rules in Germany under BaFin supervision.
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