The DACH Regulatory Clock
Two clocks are running: the EU’s and Switzerland’s. Every dated, non-optional obligation for crypto and fintech firms in Germany, Austria and Switzerland — in one place.
hard stop (1 Jul 2026)
register (1 Oct 2026)
single rulebook (10 Jul 2027)
CASP authorisation regime applies
The question shifts from getting licensed to operating under supervision.
source: ESMA ↗Travel Rule — Reg. (EU) 2023/1113 in full effect
Originator and beneficiary data must travel with every crypto transfer; counterparty due diligence becomes unavoidable.
source: EUR-Lex ↗AMLA operational in Frankfurt
Indirect supervision begins; national supervisors start converging on one rulebook reading.
source: AMLA ↗Germany ends its MiCA transition early
German CASPs must already be licensed and operating — a full six months before the EU-wide stop.
source: BaFin ↗Consultation opens: AMLO-FINMA partial revision ⚠
Tighter crypto due diligence is drafted, not yet law — final rules and dates pending. Watch this entry.
source: FINMA ↗Transition hard stop — non-extendable
Unlicensed CASPs must cease EU service. No member state can extend it.
source: ESMA statement ↗Swiss transparency register + revised AML Act in force
Federal beneficial-ownership register goes live; AML duties extend to advisers. The Swiss clock, not MiCA’s.
source: CMS ↗The single rulebook applies
Directly applicable EU AML obligations replace 27 national interpretations.
source: EUR-Lex ↗Direct supervision begins
EU-level oversight of the highest-risk entities — crypto firms explicitly in scope.
source: AMLA ↗Method & corrections
Dates are re-verified from primary or reputable public sources on every monthly update; each entry links its source. Items marked indicative have no final calendar date yet; ⚠ marks rules still in consultation. Two often-misstated facts, stated plainly: the MiCA hard stop was1 July 2026 and could not be extended by any member state; AMLA does not directly supervise anyone before 2028 — “AMLA 2026” was never a thing. Spotted an error? Tell me — corrections are published, not buried.