This article provides an overview of the German regime for crypto securities and of the recent and future expansion of the scope of the German Act on Electronic Securities, which will allow for more use cases. The eWpG provides a reliable regime for crypto securities. It entered into force in the summer of 2021, but its scope has recently been expanded. Under even more ambitious plans, the German government intends to expand its scope further.
On 28 December 2022, significant amendments to the ordinance on notifications pursuant to Section 2c of the German Banking Act and Section 17 of the German Insurance Supervision Act, the Ownership Control Ordinance went into force.