2023 will bring major changes for the industry. Or small steps – as the case may be. The companies themselves want more regulation, and politicians want to deliver.
“The KWG had included the term units of account since the late nineties. This had a completely different background, but was then used for Bitcoin. In the meantime, the law has been clarified accordingly.” Meanwhile, crypto token issuances, or ICOs, remain unregulated and are being reviewed on a case-by-case basis,” KPMG Law expert Marc Pussar told the Frankfurter Allgemeine Zeitung.
Partner
THE SQUAIRE Am Flughafen
60549 Frankfurt am Main
Tel.: +49 69 951195-062
mpussar@kpmg-law.com
KPMG Law
© 2026 KPMG Law Rechtsanwaltsgesellschaft mbH, associated with KPMG AG Wirtschaftsprüfungsgesellschaft, a public limited company under German law and a member of the global KPMG organisation of independent member firms affiliated with KPMG International Limited, a Private English Company Limited by Guarantee. All rights reserved. For more details on the structure of KPMG’s global organisation, please visit https://home.kpmg/governance.
KPMG International does not provide services to clients. No member firm is authorised to bind or contract KPMG International or any other member firm to any third party, just as KPMG International is not authorised to bind or contract any other member firm.
