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Germany’s largest bank has applied for regulatory permission to operate a custody service for cryptocurrencies.
Deutsche Bank filed its application to BaFin, the country’s financial regulator.
Bitcoin dominance is on the rise on the back of increasing usage from banking institutions filing for crypto custody solutions or ETFs.
Deutsche Bank AG, Germany’s largest bank, has applied for a license to offer crypto custody services, the bank told FXStreet, in a strategic bet for digital assets despite the current regulatory crackdown in the United States.
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