On December 22nd, as reported by Ledgerinsights, DekaBank, a leading financial institution in Germany, secured a coveted crypto custody license from both the local regulator BaFin and the European Central Bank (ECB). This development makes them the second German bank to achieve this feat after their rival Commerzbank did so last year. Notably, several other prominent banks across Europe have not yet obtained such licenses. The latest move by BaFin sees them granting another eleven licenses predominantly to crypto firms looking to expand their operations within the country’s burgeoning digital asset ecosystem.

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Source: m.theblockbeats.info