D5 Crypto / Digital Assets / Financial Innovation
Germany D5 posture: exposed to A7A5/Grinex ruble-stablecoin sanctions-evasion bridge; EU 20th package bans new Russian/Belarusian CASPs and applies sector-wide crypto measures from 2026-05-24, binding on BaFin-supervised entities; AMLR crypto obligations apply from 2027-07-10.