Germany's Major Federal Bank Embraces Crypto for Institutional Players: Details

Germany's largest federal bank has announced its plans to offer cryptocurrency custody services

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Major German Bank Applies For Crypto Custody License

Commerzbank joins a list of 21 others pushing for a crypto custody license in Germany. They are the first Bank in Germany to take such steps. Institutional adoption of cryptocurrencies in Germany appears to be steadily on the rise.

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Germany's Commerzbank Applies for Local Crypto License

If the license application is accepted, the bank would be authorized to offer exchange and crypto-asset services.

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German banking giant Commerzbank applies for crypto license

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.

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BitMEX Group to Acquire One of Oldest Banks in Germany

A large BitMEX-related company plans to buy German Bank Bankhaus von der Heydt, which launched a Stellar-based stablecoin in 2020

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Swarm Markets inks deal with Germany’s Volksbank to digitize bonds on Polygon

Swarm Markets, an open platform for the creation and management of blockchain assets, announced today it will be developing its first digital security in partnership with Volksbank Mittweida, a German-based bank.

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Germany's Largest Savings Bank to Give 50 Million People Exposure to Bitcoin

Germany's largest savings bank planning to allow customers to buy/sell and HODL Bitcoin

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Caceis Goes Live with Retail and Institutional SRD II Solution from Broadridge

 In response to new regulatory obligations under the updated Shareholder Rights Directive (SRD II), CACEIS Bank S.A., Germany Branch has selected global Fintech leader Broadridge Financial Solutions, Inc. ...

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German Bank Donner & Reuschel to Offer Crypto Custody Services in Response to a ‘High Market Demand’ in the Country

Cryptocurrency adoption among the traditional banking industry keeps spreading across the board, and it has arrived at a bank based in Hamburg, Germany. Donner & Reuschel is set to make its inception into the crypto business by offering related custody services.

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Banks Turn Away Customer Deposits due to Negative Interest Rates in Germany

Banks in Germany are reportedly turning customer deposits away due to the negative interest rate imposed on them by the European Central Bank (ECB). Some banks are even offering online tools to help customers take their deposits elsewhere.

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Germany’s Biggest Bank to Offer Crypto Custody Services

Germany’s largest bank, Deutsche Bank AG is working on offering crypto custody services, a WEF report says. The report details the plans of the bank to become a custodial services provider for institutional investors because of the growing interest from this group of investors.

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Swiss Bank to Start Market Making Bitcoin ETPs, Taps Specialists

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German legacy bank turns to Stellar (XLM) to issue Euro stablecoin

One of Germany’s oldest banks said it was choosing the Stellar network to issue a Euro-backed stablecoin, in one of the first such instances. The post German legacy bank turns to Stellar (XLM) to issue Euro stablecoin appeared first on CryptoSlate.

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Germany’s BVDH partners to launch Euro stablecoin on Stellar

According to a recent report, Germany’s Bankhaus Von Der Heydt (BVDH)is partnering with Bitbond, a digital asset custody provider, to issue Euro stablecoin (EURB) on the Stellar (XLM) network. With the launch, EURB has become the first stablecoin to be launched on Stellar directly by a bank.

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One of the World’s Oldest Banks Is Issuing a Euro Stablecoin on Stellar

Germany’s Bankhaus von der Heydt is working with Bitbond for the first direct issuance of a stablecoin by a bank on Stellar, the firms said.

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Digital Euro: German Minister Calls for Quick Decision on EU CBDC

Germany’s finance minister has called on stakeholders in the region to expedite action on plans for a central bank digital currency (CBDC). The EU is currently examining the case for a digital Euro even as China accelerates its digital yuan testing protocols.

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300 Banks in Germany Charge Negative Interest Rates Including Deutsche Bank, Commerzbank, ING

A new report reveals that more than 300 banks in Germany are now charging some customers negative interest rates. Some are big global banks, including Deutsche Bank, Commerzbank, and ING. 300 Banks Pass on the Burden of Negative Interest Rates to Customers Banks in Germany have been increasingly passing on the burden of negative interest […] The post 300 Banks in Germany Charge Negative Interest Rates Including Deutsche Bank, Commerzbank, ING appeared first on Bitcoin News.

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Germany’s central bank is working on a blockchain project, but it's not a CBDC

Bundesbank seems to be coyly flirting with blockchain technology.

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ECB Now Owns 66% of the Eurozone

The European Central Bank (ECB) balance sheet has increased to 66% of the $12.5 trillion Eurozone economy which includes Germany, France, Italy, Spain and 15 other European countries. ECB’s balance...

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IMF, World Bank, G7 Countries to Create Central Bank Digital Currency Rules

The United States, Canada, Britain, Germany, France, Italy and Japan will institute national digital currency banking standards with the International Monetary Fund and World Bank.

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Deutsche Bank: Attempts to Implement Digital Currencies May Lead to Social Tensions

One of the largest banks in Germany published a report on the prospects and risks of digital currencies issued by central banks. According to the bank's experts, CBDC will reduce the level of privacy of payments and may lead to social unrest.

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EY May Witness Client Defections Following Wirecard Woes

Coinspeaker EY May Witness Client Defections Following Wirecard WoesEY subsidiary in Germany has been Wirecard’s trusted auditor and with KfW accounting records under scrutiny by the German government the bank has indicated its readiness to drop EY in order to avoid conflict of interest.

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Germany: Crypto-Friendly Bank Offers Four Percent Annual Interest on Bitcoin (BTC)

Bitwala, a Berlin-based crypto-friendly bank, has joined forces with Celsius, a leading crypto lending platform, to offer its clients up to four percent annual interest on their Bitcoin (BTC) holdings.

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Over 40 German bank express interest in crypto custody

Germany's Federal Financial Supervisory Authority [BaFin] reportedly received over 40 expressions of interest from banks for the issuance of a cryptocurrency custody services license. The report stateThe post Over 40 German bank express interest in crypto custody appeared first on AMBCrypto.

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Deutsche Bank Reports €5.3 Billion in Net Loss for 2019 as It Counts the Cost of Restructuring

A year of reorganization has left its mark on Germany’s leading financial institution. Deutsche Bank revealed this week it suffered significant losses in the last quarter and all of 2019. The banking giant claims that the damage is “entirely driven by transformation-related effects” such as compensation for sacked employees and devalued assets.

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Deutsche Bank: Cryptocurrencies Won’t Replace Cash ‘Anytime Soon’

Cash is unlikely to disappear anytime soon despite the decline of its use as a payment method and the surge of digital currencies, Germany’s largest bank believes

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6 Bankers Accused of Earning €30M in Bonuses From German Fraud, Tax Lawyer Out on €4M Bail

Former bank employees have received bonuses worth millions of euros in an illegal trading scheme that also involved a tax lawyer, prosecutors in Frankfurt revealed this week. The case is part of multiple investigations carried out across Germany, the hardest hit country in a notorious tax fraud scandal known as the Cum-ex Files.

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German central banker warns against a digital euro

The head of Germany’s central bank, Dr. Jens Weidmann, told Handelsblatt that the European Union should refrain from launching a digital euro. Instead, banks should improve their payment services to compete with the growing cryptocurrency market.

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Germany: Central Bank Urges Europe To Strengthen Banking System Over CBDC Route

Jan Weidmann, the President of the Bundesbank, holds some very unique thoughts on the topic of money, digitization, and the network effect of payment services. Speaking with Handelsblatt, he offers his perspective on opposing Libra, which is centered around a market-oriented approach rather than endorsing the launch of a state-backed competitor such as a digital euro, JanuaryRead MoreRead More.

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Deutsche Bank says crypto could replace cash by 2030

A new report by Germany’s largest lender, Deutsche Bank, suggests that blockchain-powered digital currencies could replace cash payments within the next decade. The report says that fiat currency as we know it today may soon give way to new alternatives.

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Bitcoin-Friendly Bank SEBA Expands to Nine More Countries

SEBA Bank AG, a Swiss-based, lender licensed by the nation’s Financial Market Supervisory Authority (FINMA) to offer a range of traditional banking services as well as cryptoassets products to its clients, has now expanded its operations to nine new jurisdictions including Italy, Germany, and Singapore, among others, according to reports on December 12, 2019.

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Regulated Swiss Crypto Bank SEBA Expands Services to 9 New Countries

Swiss crypto bank SEBA has rolled out its services to clients across Singapore, Hong Kong, the U.K., Italy, Germany, France, Austria, Portugal

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Deutsche Bank Stock Closes 95% Down From ATH, but Bitcoin’s the Fraud?

Shares of Deutsche Bank (NYSE: DB), Germany’s largest bank, closed just above $7 on Friday. The price is more than 95% from the stock’s all-time high (ATH) over $155 in the summer of 2007, making Bitcoin look like an attractive alternative.

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SolarisBank Will Provide Custodial Digital Asset Services in Germany

Some surprising cryptocurrency news has come out of Germany this week. It now appears banks in the country prepare to embrace digital assets in every way possible. The first bank openly pledging support is SolarisBank.

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Deutsche Bank: crypto could replace fiat and “soar” by 2030

Deutsche Bank (DB) believes cryptocurrencies could replace fiat by 2030 as the “forces that hold the fiat money system together” begin to unravel. The bombshell was dropped in a report Thursday by the 149-year-old bank, which is Germany’s largest, and comes a week after news broke that Germany will likely allow financial institutions to deal […] The post Deutsche Bank: crypto could replace fiat and “soar” by 2030 appeared first on CryptoSlate.

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Survey: 58% of German Banks Charge Negative Interest Rates

Germany’s central bank, the Deutsche Bundesbank, has conducted a survey of banks charging negative interest rates on customer deposits. Some are charging retail customers as well as corporate clients.

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Libra, China are threats; economy needs digital Euro: Germany's Banken Verband

The European push for a CBDC [Central Bank Digital Currency] will begin in Berlin. After weeks of beating around the bush, a clear call for a digital Euro has come from a consortium of over 200 GermanThe post Libra, China are threats; economy needs digital Euro: Germany's Banken Verband appeared first on AMBCrypto.

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Major German Coop Bank Passes Negative Interest Rates to Customers

One of Germany’s largest cooperative banks has begun charging its retail customers a negative interest rate. Other major banks could follow suit since the European Central Bank cut the deposit rate to a record low.

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Deutsche Bank Set to Axe Half of Planned 18,000 Job Cuts in Germany

Coinspeaker Deutsche Bank Set to Axe Half of Planned 18,000 Job Cuts in GermanyAs part of its massive restructuring and cost cuttings, Deutsche Bank is looking to axe several thousand jobs in the next two years.

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German State Bank Says Bitcoin to $90,000, “Ultra-Hard Type of Money”

One of Germany’s biggest bank predicts bitcoin will reach $90,000 due to the halvening based on a stock to flow model that measures the hardness of a money. We’ll initially... The post German State Bank Says Bitcoin to $90,000, “Ultra-Hard Type of Money” appeared first on Trustnodes.

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Bitcoin Price to Hit $90,000 After May 2020 Halving, Predicts Germany’s Top Bank

Coinspeaker Bitcoin Price to Hit $90,000 After May 2020 Halving, Predicts Germany’s Top BankOne of Germany’s biggest banks has joined the already bullish Bitcoin community, with a forecast which puts BTC price at a record high by next year.

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Bitcoin is “Ultra-Hard Type of Money” That Will Be Worth $90k Next Year: Germany’s State-Owned Bank

Germany’s state-owned bank BayernLB has published a paper where it talks about Bitcoin and how it’s designed as an “ultra-hard type of money“. The bank opens with expectations for further extensive loosening measures and the USD 15 trillion bonds having a negative yield.

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Top German Bank Predicts Bitcoin to Hit $90,000 After Halving, Calling It ‘Ultrahard Money’

Bayern LB, one of Germany's top banks, has published a report in strong support of bitcoin superseding gold, predicting a price of $90,000 per BTC post bitcoin's halving in 2020. Within a report entitled, "Is bitcoin outshining gold?" the bank's researchers delved into the stock-to-flow ratios of gold and bitcoin, specifically regarding the impact of […] The post Top German Bank Predicts Bitcoin to Hit $90,000 After Halving, Calling It ‘Ultrahard Money’ appeared first on CCN.com

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German Bank Predicts $90,000 Bitcoin as Halvening Hardens BTC

BayernLB, a bank based in Munich, Germany, has produced a report on Bitcoin’s hard monetary policy versus those of various precious metals. Acknowledging Bitcoin’s halving schedule as unique in monetary assets, the bank makes a prediction of $90,000 per BTC following next year’s further restriction of supply.

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Massive Layoffs: Banks Cutting Nearly 60,000 Jobs Worldwide

Banks are laying off workers across the globe as revenue declines throughout the sector. According to reports, banks have announced nearly 60,000 job cuts so far this year, with most of the layoffs happening in Europe, especially in Germany.

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Germany’s Largest Bank, Deutsche Bank Joins JP Morgan’s Blockchain Payment Network, Quorum

The blockchain space is growing and global banks are moving with it. Since the launch of JP Morgan’s blockchain settlement system, Interbank Information Network (IIN) on Quorum, a platform built on Ethereum, over 300 banks have joined in.

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Germany’s Largest Bank Joins JPMorgan’s Blockchain Network

Deutsche Bank joins JPMorgan’s blockchain-based platform IIN, expanding the network up to 320 members

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Germany’s Bitwala Launches All-In-One Mobile Bitcoin Bank App

Bitwala launches smartphone banking with integrated Bitcoin wallet and trading for 30 European countries

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Germany’s Commerzbank Conducts First DLT-Powered Machine to Machine Payment

Commerzbank, a Germany-based international commercial bank with a presence in more than 50 countries, has collaborated with Daimler Trucks to conduct Germany’s first distributed ledger technology (DLT) powered machine-to-machine (M2M) payment, according to a press release on August 8, 2019.

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