40 German Banks Seek Regulator’s Green Light to Offer Bitcoin Custody

Cointelegraph

Published Feb 11, 2020 06:02AM ET

Updated Feb 11, 2020 07:42AM ET

40 German Banks Seek Regulator’s Green Light to Offer Bitcoin Custody

On the heels of new Anti-Money Laundering laws, several German banks are reported to be seeking regulators’ go-ahead to offer digital assets services.

Local newspaper Handelsblatt reported on Feb. 7 that Germany’s Federal Financial Supervisory Authority (BaFin) is dealing with a cascade of applications from 40 banks seeking to become regulated cryptocurrency custodians.

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