Commerzbank, a major German bank, has obtained a cryptocurrency custody license, becoming the first full-service bank in Germany to do so. This license allows the bank to expand its digital asset offerings and provide custodial services for crypto assets. Commerzbank plans to establish a secure and compliant platform using blockchain technology for these services. The bank’s Chief Operating Officer, Dr. Jörg Oliveri del Castillo-Schulz, emphasized the significance of this licensing in supporting the bank’s digital asset service ambitions. Germany has emerged as a pro-crypto country, with a friendly regulatory environment and robust legal frameworks. The nation is considered Europe’s second-largest cryptocurrency economy and has introduced regulations allowing companies to issue crypto shares. These pro-crypto moves have attracted crypto companies to provide services in Germany. Commerzbank, with its extensive client base and contribution to Germany’s foreign trade, is well-positioned to capitalize on the growing demand for digital asset services.

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Information	Details
Geography	Europe
Countries	🇩🇪
Sentiment	positive
Relevance Score	1
People	Dr. Jörg Oliveri del Castillo-Schulz
Companies	Commerzbank, German Federal Financial Supervisory Authority, CoinCub, Chainalysis, European Central Bank, BitGo
Currencies	None
Securities	None