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Commerzbank applied for a crypto custody business license with BaFin back in April 2022. It has become the first bank to win approval in Germany. One of Germany’s leading banks Commerzbank AG (CBK-DE: XETRA) has been granted a crypto custody license by the Federal Financial Supervisory Authority (BaFin), Germany’s financial regulator. Now
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Commerzbank becomes the first major German bank to receive a cryptocurrency custody license, signaling a strategic move into digital asset services. Commerzbank AG, Germany’s fourth-largest banking institution, has obtained a regulatory custody license for cryptocurrencies. This makes Commerzbank the first German full-service bank to acquire such a license, marking a significant
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“Now that we have been granted the license, we have achieved an important milestone. This highlights our ongoing commitment to applying the latest technologies and innovations, and it forms the foundation for supporting our customers in the areas of digital assets,” Dr. Jörg Oliveri del Castillo-Schulz, chief operating officer of
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The German bank Commerzbank has been granted a crypto custody license by local regulators, according to a Nov. 15 announcement by the lender. Commerzbank says it is the first “full-service” German bank to be granted this license in the country under the legal framework of the German Banking Act. This allows it
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"Despite retail being fearful and uninterested, institutional adoption continues as the second-largest listed bank in Germany, Commerzbank, has now applied for a local crypto license," Marcus Sotiriou, an analyst at the U.K.-based digital asset broker Global Block said. "This would allow it to provide exchange and crypto-asset services and become
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One of the largest banking institutions in Germany, the ‘Commerzbank’ has been trending in the news this morning, confirming that it applied for a local crypto
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If the license application is accepted, the bank would be authorized to offer exchange and crypto-asset services. Original Source
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One of the largest banking institutions in Germany has confirmed it applied for a local crypto license earlier this year, marking the first time a major bank has made a move toward cryptocurrencies in the country.A spokesperson from Commerzbank confirmed to local media outlet Börsen-Zeitung on April 14 that it
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