DekaBank Receives Crypto Custody License Again, New Developments in the German Banking Sector!🇩🇪

Recently, DekaBank successfully obtained a cryptocurrency custody license issued by BaFin and the European Central Bank, becoming the second bank to receive such a license after Deutsche Bank. This move marks further involvement of traditional banks in the crypto space.

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

The number of crypto custody licenses in the German market has reached 11, indicating a gradual opening of regulatory bodies towards the crypto industry.📊