German Banking Giant Commerzbank Granted Crypto Custody License
Commerzbank has made a significant stride in the digital asset sector by becoming the first German full-service bank to receive a Crypto Custody License. The fourth-biggest bank in Germany, Commerzbank AG, has been granted a regulatory custody license for cryptocurrency. Commerzbank is now the first full-service bank in Germany to hold this kind of license, […]
Germany’s BaFin Rejects Binance Crypto Custody License
Binance, a major cryptocurrency exchange, recently faced setbacks in pursuing licenses and regulatory approvals in Europe. The German financial regulator, BaFin, reportedly denied Binance’s request for a cryptocurrency custody license . Binance claims to be working towards complying with BaFin’s rules. However, it is still being determined whether they communicated this refusal through ongoing conversations […]