CoinVoice recently learned that, according to Ledger Insights, Germany's DekaBank has obtained a banking cryptocurrency custody license issued by 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 yet to be licensed.
BaFin has issued an additional 11 cryptocurrency custody licenses, primarily targeting cryptocurrency companies. One of them is the digital asset custody subsidiary of Hauck Aufhäuser Lampe Privatbank.
The difference between DekaBank and Deutsche Bank lies in the fact that the former is licensed under the Banking Act (KWG). This is the second new license DekaBank has obtained this year. In July, the company received a license for a crypto securities registry for issuing digital securities based on DLT in Germany. These crypto securities can be issued without a central securities depository (CSD). [Original link]