German banking giant Commerzbank applies for crypto license

2022.04.21 09:36

German banking giant Commerzbank applies for crypto license

One of the largest banking institutions in Germany has confirmed it applied for a local crypto license earlier this year, marking the first time a major bank has made a move toward cryptocurrencies in the country.

A spokesperson from Commerzbank (ETR:CBKG) confirmed to local media outlet Börsen-Zeitung on April 14 that it “applied for the crypto custody license in the first quarter of 2022.” If approved it would be authorized to offer exchange services along with custody and protection of crypto-assets.

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