A ministerial draft dated October 28 from the German Federal Ministry of Finance proposes extending the country's account query system to cover crypto accounts. Under the draft, crypto exchanges and asset service providers would be required to enter customer account master data into the procedure stipulated in Section 24c of the German Banking Act, enabling authorities to identify which platform a user holds an account with, when it was opened, and whether it remains active — though not balances or individual transactions. The draft also grants Germany's Financial Intelligence Unit (FIU) authority to freeze crypto asset accounts for up to five working days on suspicion of money laundering, with no objection able to lift the freeze. The proposal is still undergoing inter-ministerial coordination and has not yet taken effect. A new anti-money laundering law is planned to replace the current framework on July 10, 2027.