Commerzbank AG, one of Germany’s leading full-service banks, has obtained a crypto asset custody license, marking a significant milestone in the country’s financial landscape. This regulatory approval positions Commerzbank as the first major German bank to offer comprehensive digital asset services, signifying a growing acceptance of cryptocurrencies within the European banking sector. Commerzbank Leads The […] origin »
A spokesperson for Commerzbank confirmed to local media that it applied for the license with BaFin earlier this year as a first for a major bank in Germany.
According to a new bill on the Fourth Money Laundering Directive drafted by the European Union (EU), banks could be authorized to offer digital assets services including storage for customers. Germany would likely be the first nation to adopt the proposal.