Germany’s account lookup system is set to cover crypto accounts in future. Under a ministerial draft from the Federal Ministry of Finance (BMF) dated October 28, 2026, crypto exchanges and other crypto-asset service providers would have to feed the master data of their customer accounts into the account lookup procedure under Section 24c of the German Banking Act (KWG). Authorities would then see which platform you hold an account with, since when, and whether it still exists. Balances and individual transactions are not part of this data. In addition, the Financial Intelligence Unit (FIU) would be allowed to have a crypto asset account frozen for up to five working days if money laundering is suspected, and an objection would not stop…