DekaBank Receives Cryptocurrency Custody License from BaFin and ECB

BlockBeats News, December 22, according to LedgerInsights, German bank DekaBank has received a banking cryptocurrency custody license from the German regulator BaFin and the European Central Bank (ECB). Commerzbank was the first German bank to receive the license last year, with other major banks still awaiting approval. BaFin has issued an additional 11 cryptocurrency custody licenses, mainly targeting cryptocurrency firms.