"Suspension of account use": That is what the BMF's new plan means for crypto investors

Germany’s Federal Ministry of Finance has drafted a bill that would let authorities suspend the use of crypto accounts and gain easier access to private wallet addresses. The proposal targets both accounts held at crypto exchanges and self-custodied wallets, expanding oversight beyond regulated intermediaries. It matters because it would formalize how regulators freeze or restrict access to crypto holdings during investigations, a power previously applied unevenly across providers. Watch for the draft’s passage through the Bundestag and whether industry groups push back on how self-custody wallets are treated.