I. Overview
On 1 October 2021, the new German Regulation on Increased Duties of Care for the Transfer of Crypto Value (Kryptowertetransferverordnung – “KryptoWTransferV”) entered into force. In a nutshell, by this Regulation the German legislator implemented the so-called ‘Travel Rule’ for transfers of crypto values (Kryptowerte) as suggested by the Financial Action Task Force