Financial Market Digitalisation Act

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The Financial Market Digitalization Act ("FinmadiG") was passed on 18 December 2024 by the German Bundestag, despite political adversities, just in time before the application date of "MiCAR", the Regulation (EU) 2023/1114 (Markets in Crypto-Assets Regulation) on 30 December 2024, and “DORA”, the Regulation (EU) 2022/2554 (Digital Operational Resilience Act) on 17 January 2025. The FinmadiG is particularly important as it adjusts the German regulatory landscape to the two main European digita...