CoinVoice has learned that, according to Ledger Insights, Germany's DekaBank has received a cryptocurrency custody license from the country's regulatory authority 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 not yet received a license.
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 received this year. In July, the company obtained a license as a crypto securities registrar for issuing DLT-based digital securities in Germany. These crypto securities can be issued without a central securities depository (CSD). [Original link]
