EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is Westerwald Bank eG Volks- und Raiffeisenbank licensed under MiCA in the European Union?
Westerwald Bank eG Volks- und Raiffeisenbank's European entity (Westerwald Bank eG Volks- und Raiffeisenbank) is recorded as an authorised Crypto-Asset Service Provider under the EU's Markets in Crypto-Assets Regulation, with its authorisation issued by Germany on 11 December 2025.
Verdict: Westerwald Bank eG Volks- und Raiffeisenbank appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | Westerwald Bank eG Volks- und Raiffeisenbank |
|---|---|
| Home Member State | Germany |
| National Competent Authority | Federal Financial Supervisory Authority (BaFin) |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 52990071YX99SH321F74 |
| Authorised services | Order execution |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.
About Westerwald Bank eG Volks- und Raiffeisenbank
Westerwald Bank eG Volks- und Raiffeisenbank is a German cooperative retail bank (Genossenschaftsbank), not a standalone consumer crypto exchange, custodian, or broker. Its website presents it as a regional cooperative bank ('regionale Genossenschaftsbank') offering traditional banking products, and it is owned by its members. The bank's crypto offering, branded 'meinKrypto', lets customers trade selected crypto-assets directly inside the VR Banking App rather than through a separate exchange platform. Source: westerwaldbank.de
According to the bank's product materials, the 'meinKrypto' feature supports spot trading, custody, and savings (DCA) for Bitcoin, Ethereum, Litecoin, and Cardano, with deposits and withdrawals handled in EUR via SEPA through customers' German bank accounts. The bank states that no staking or card-linked crypto services are part of the offering. The crypto trading capability is delivered within the bank's existing app rather than as a dedicated trading venue. Source: Westerwald Bank meinKrypto press release
On the legal question: the contracting entity is Westerwald Bank eG Volks- und Raiffeisenbank, headquartered in Hachenburg, Germany (Neumarkt 1-5, 57627 Hachenburg), and supervised by Germany's Federal Financial Supervisory Authority (BaFin). It was authorised under the EU Markets in Crypto-Assets Regulation (MiCA) as a crypto-asset service provider on 11 December 2025. The bank's founding year is not confirmed in the available sources, so it is not stated here. Source: thebanks.eu register entry
Per the ESMA register data, the MiCA authorisation covers the crypto-asset service of order execution. It does not, on this record, extend to other MiCA services such as custody and administration, operation of a trading platform, exchange against funds or other crypto-assets, placing, reception and transmission of orders, advice, portfolio management, or transfer services. Any of those services would require separate MiCA authorisation. Source: thebanks.eu register entry
Which crypto services is Westerwald Bank eG Volks- und Raiffeisenbank authorised to offer in the EU?
Under its MiCA authorisation issued by Federal Financial Supervisory Authority (BaFin), Westerwald Bank eG Volks- und Raiffeisenbank (Westerwald Bank eG Volks- und Raiffeisenbank) is approved to provide the following services to EEA residents. Each service is defined in Article 3(1)(16) of Regulation (EU) 2023/1114.
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Execution of orders for crypto-assets on behalf of clients
The exchange can place orders for you on third-party venues (smart-routing). Less common in retail crypto; relevant for brokerage-style services.
Which services is Westerwald Bank eG Volks- und Raiffeisenbank not authorised to offer?
Westerwald Bank eG Volks- und Raiffeisenbank's MiCA licence does not cover: Custody, Trading platform, Exchange for funds, Exchange for crypto, Placing, Order R&T, Advice, Portfolio mgmt, Transfer services. These services may still be offered by other authorised providers, or by Westerwald Bank eG Volks- und Raiffeisenbank under a different regulatory framework (for example, derivatives may fall under MiFID II rather than MiCA). Source: ESMA Register, retrieved 30 June 2026.
See other MiCA-authorised exchanges by service:
Why is Westerwald Bank eG Volks- und Raiffeisenbank licensed in Germany?
Germany's BaFin runs a strict, banking-style authorisation model. Trade Republic, which already held a German banking licence, was authorised in April 2025. BaFin previously refused Binance's German licence application in 2023, leading Binance to withdraw from the German market. Source: Federal Financial Supervisory Authority (BaFin).
| National Competent Authority | Federal Financial Supervisory Authority (BaFin) |
|---|---|
| Investor compensation | EdW (compensation scheme for securities firms) plus bank-deposit cover where applicable. |
| Regulatory context | BaFin's banking-style scrutiny is the highest barrier among MiCA NCAs. |
What does this mean for users of Westerwald Bank eG Volks- und Raiffeisenbank in the EU?
If you transact through Westerwald Bank eG Volks- und Raiffeisenbank's EEA-authorised entity (Westerwald Bank eG Volks- und Raiffeisenbank), the protections introduced by MiCA apply to your relationship from onwards. In practical terms this means: client crypto-assets are ring-fenced from the exchange's own funds (Article 70 MiCA), the authorised entity holds prudential capital, has formal complaint-handling procedures, and is subject to transparency obligations on fees and order execution. Source: Regulation (EU) 2023/1114.
One thing to verify yourself: the legal entity you contract with day-to-day must match the entity in the ESMA register. Some global exchanges operate multiple legal entities under one brand. Confirm in Westerwald Bank eG Volks- und Raiffeisenbank's terms of service that your contracting entity is Westerwald Bank eG Volks- und Raiffeisenbank, not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to Westerwald Bank eG Volks- und Raiffeisenbank?
Three MiCA-authorised providers to consider. Drawn from the ESMA register, never paid placement.
| Provider | Home Member State | Authorised | Services |
|---|---|---|---|
| Alaric Securities | Bulgaria | 9 services | |
| OKX | Malta | 9 services | |
| Kraken | Ireland | 8 services |
Related reading
Understand the regulatory context behind Westerwald Bank eG Volks- und Raiffeisenbank's entry on the register:
Frequently asked questions about Westerwald Bank eG Volks- und Raiffeisenbank and MiCA
Is Westerwald Bank eG Volks- und Raiffeisenbank licensed under MiCA?
Yes. Westerwald Bank eG Volks- und Raiffeisenbank appears in the ESMA Register of MiCA-Authorised Crypto-Asset Service Providers, with its authorisation issued by the competent authority of Germany.
Which EU countries can Westerwald Bank eG Volks- und Raiffeisenbank serve under this licence?
A MiCA authorisation in one EEA member state permits passporting across all EEA member states, subject to a notification process to each host-state regulator.
Are my crypto-assets on Westerwald Bank eG Volks- und Raiffeisenbank protected under MiCA?
MiCA introduces ring-fencing of client crypto-assets, prudential capital requirements for the authorised entity, complaint-handling obligations, and conduct rules. It does not provide a deposit-guarantee scheme equivalent to bank deposit insurance.
What's the difference between the authorised entity and the global brand?
Some global exchanges operate multiple legal entities. The MiCA authorisation applies only to the specific legal entity in the ESMA register, not to the global brand. Verify the contracting entity in Westerwald Bank eG Volks- und Raiffeisenbank's terms of service.
Where can I check the official record?
The ESMA register publishes the authoritative list and updates it weekly. The direct link to Westerwald Bank eG Volks- und Raiffeisenbank's entry is on this page under 'Sources'.
Sources
- ESMA Register of Crypto-Asset Service Providers
- Federal Financial Supervisory Authority (BaFin)
- ESMA MiCA Register - Westerwald Bank eG Volks- und Raiffeisenbank (Westerwald Bank eG Volks- und Raiffeisenbank)
- Westerwald Bank eG Volks- und Raiffeisenbank official website
- Westerwald Bank official website (meinKrypto / homepage)
- Westerwald Bank meinKrypto launch press release (Atruvia PDF)
- Westerwald Bank register entry (MiCA / BaFin)
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