Deutsche Bank, Germany's largest commercial bank, is reportedly developing an innovative blockchain solution known as "Dama2." This Layer 2 project, powered by Ethereum (ETH), is designed to enhance regulatory compliance and mitigate risks associated with public blockchains. According to Bloomberg, Dama2 allows for the selection of validators and grants special administrator rights to regulators. This tailored approach aims to minimize risks like money laundering and potential exposure to sanctions that may arise in unmonitored blockchain environments. Dama2 is expected to launch in 2023 upon receiving regulatory approval. It represents a significant step towards leveraging blockchain technology while ensuring regulatory adherence in the financial sector.

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