On December 22nd, as reported by Ledgerinsights, Germany’s second-largest public bank, DekaBank, secured a crypto custody license from both the country’s financial regulator, BaFin, and the European Central Bank (ECB). This move comes as a significant development in the increasing integration of digital assets into traditional financial systems across Europe. Notably, Commerzbank became the first major German bank to obtain such a license last year; however, several other notable institutions remain unlicensed. The latest round of approvals marks an expansion of BaFin’s efforts to regulate digital asset storage services, primarily aimed at crypto-focused firms.
Source
Source: m.theblockbeats.info
