Odaily Planet Daily News: DekaBank in Germany has obtained a bank cryptocurrency custody license issued by the country's regulatory agency BaFin and the European Central Bank (ECB). Commerzbank was the first German bank to obtain a license last year, while other major banks, including DZ Bank, have not yet obtained a license. BaFin has issued an additional 11 cryptocurrency custody licenses, primarily targeting cryptocurrency companies. One of them is the digital asset custody subsidiary of Hauck Aufh ä user Lampe Privatbank. The difference between DekaBank and Deutsche Bank and cryptocurrency companies is that the former is licensed under the Banking Act (KWG). This is the second new license obtained by DekaBank this year. In July, the company obtained a license from the German crypto securities registration authority to issue DLT based digital securities. These encrypted securities can be issued without the need for a Central Securities Depository (CSD).
