Commerzbank AG became the first bank to receive a license to store cryptocurrency in Germany.
The purchase of a cryptocurrency license from Germany’s financial markets regulator BaFin is notable given the regulatory caution in the industry.
Commerzbank plans to use the license to create a secure depository platform for digital assets. The bank sees this achievement as a significant step, emphasizing its commitment to the integration of advanced technologies and innovations.
In an official press release, representatives of Commerzbank AG emphasized that the license is the main element of customer support in the field of digital assets.