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It was sent to Commerzbank, one of the biggest banking concerns in Germany. BaFin an application for a cryptocurrency custodian’s license. Börsen-Zeitung writes about this with reference to
It was sent to Commerzbank, one of the biggest banking concerns in Germany. BaFin an application for a cryptocurrency custodian’s license. Börsen-Zeitung writes about this with reference to a representative of a credit institution.
According to the announcement, if approved, Commerzbank will also be allowed to offer services related to the exchange and protection of digital assets.
According to current German law, companies wishing to do business in the cryptocurrency space must register with BaFin. Only four organizations received the relevant licenses.
Commerzbank has long been interested in blockchain technology and cryptocurrencies. In 2018, the concern tested transactions on the Corda platform.
In 2020, the organization launched a funding round for cryptocurrency storage infrastructure provider Curv.
Recall that in September 2021 BaFi approved the holding. BH bitcoin token EXOeu from video game publisher Exordium.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
