Deutsche Bank Applies for Digital Asset Custody License in Germany
Deutsche Bank has applied for a digital asset custody platform license with the German finance regulator, BaFin. Global head of corporate bank David Lynne confirmed the application and said the bank is “building out our digital assets and custody business”. Germany has taken a welcoming stance towards the crypto industry, with BaFin issuing four licenses and provisional permits to 14 institutions.
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Deutsche Bank Applies for Digital Asset Custody License in Germany
Deutsche Bank has applied for a digital asset custody platform license with the German finance regulator, BaFin. Global head of corporate bank David Lynne confirmed the application and said the bank is “building out our digital assets and custody business”. Germany has taken a welcoming stance towards the crypto industry, with BaFin issuing four licenses and provisional permits to 14 institutions.