2 years ago
Amitoj Singh is CoinDesk's regulatory newsman covering India. He holds BTC and ETH beneath CoinDesk's disclosure threshold of $1,000.
Germany's Commerzbank (CBK) applied for a crypto licence earlier this year, a spokesperson for the slope told local media. This would marque it the archetypal large slope successful Germany to determination towards crypto adoption.
Local media outlet Börsen-Zeitung said that a spokesperson from the slope confirmed connected April 14 that it “applied for the crypto custody licence successful the archetypal 4th of 2022.”
The exertion is to get authorization to connection speech services on with custody and extortion of crypto-assets.
Commerzbank is Germany’s second-largest listed slope and is partially owned by the government.
Germany had brought successful a caller law, effectual Jan. 1, 2020, that would encourage German Banks to connection crypto services. The instrumentality required immoderate concern seeking to connection crypto services successful Germany to question a licence from BaFin, Germany's Federal Financial Supervisory Authority.
BaFin has received 25 applications for support arsenic a crypto custodian truthful acold but has lone approved 4 truthful far.
Commerzbank was not instantly disposable for remark astatine the clip of writing.
UPDATE (April 21, 05:52 UTC): Adds petition for remark disclosure successful the 5th bullet.
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Amitoj Singh is CoinDesk's regulatory newsman covering India. He holds BTC and ETH beneath CoinDesk's disclosure threshold of $1,000.
Amitoj Singh is CoinDesk's regulatory newsman covering India. He holds BTC and ETH beneath CoinDesk's disclosure threshold of $1,000.
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