Germany's DekaBank has been granted a cryptocurrency custody license by regulators BaFin and the European Central Bank.

TechFlow news, according to Ledger Insights, Germany's DekaBank has obtained a banking cryptocurrency custody license from German regulator BaFin and the European Central Bank (ECB). Commerzbank was the first German bank to receive such a license last year, while other major banks have not yet been granted approval. BaFin has issued 11 additional cryptocurrency custody licenses, primarily to crypto firms, including the digital asset custody subsidiary of Hauck Aufhäuser Lampe Privatbank.