DekaBank has once again obtained a cryptocurrency custody license, a new development in the German banking sector!🇩🇪

Recently, DekaBank successfully received a cryptocurrency custody license issued by BaFin and the European Central Bank, becoming the second bank to obtain such a license after Deutsche Bank. This move signifies the further positioning of traditional banks in the cryptocurrency space.

It is noteworthy that DekaBank's license was obtained under the Banking Act, which is different from that of general cryptocurrency companies. In July of this year, DekaBank also received a license to issue DLT-based digital securities, making it more competitive in the field of crypto securities.

The number of cryptocurrency custody licenses in the German market has reached 11, indicating a gradual openness of regulators towards the crypto industry.📊