Odaily Planet Daily News Germany's DekaBank has obtained a cryptocurrency custody license issued by the country's regulatory body BaFin and the European Central Bank (ECB). Commerzbank was the first German bank to obtain a license last year, while other major banks, including DZ Bank, have yet to receive one. BaFin has issued an additional 11 cryptocurrency custody licenses, mainly targeting cryptocurrency companies. One of them is the digital asset custody subsidiary of Hauck Aufhäuser Lampe Privatbank. The difference between DekaBank and Commerzbank in relation to cryptocurrency companies is that the former is licensed under the Banking Act (KWG). This is the second new license DekaBank has obtained this year. In July, the company received a license for a crypto-securities registry for digital securities issued based on DLT in Germany. These crypto-securities can be issued without the need for a central securities depository (CSD).