Germany plans to include cryptocurrency accounts in a regulatory inquiry system, with accounts suspected of money laundering subject to freezing for up to five working days.

On November 11, the German Federal Ministry of Finance proposed an anti-money laundering regulation draft on October 28, which plans to include cryptocurrency accounts in the existing bank account inquiry system. It requires crypto asset service providers to submit basic information such as customer account numbers, holder identities, and account opening dates to the regulatory system, but excludes account balances and specific transaction records.

The draft also proposes to authorize the German Financial Intelligence Unit (FIU) to freeze relevant crypto asset accounts for up to five working days in cases of suspected money laundering, specifying that objections raised by account holders will not automatically suspend the freezing measures.

Currently, the draft remains under government department coordination and has not officially taken effect. Germany's updated anti-money laundering law is scheduled to take effect on July 10, 2027, with related provisions pending final legislative confirmation.