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Germany's second-largest bank approved for MiCAR, upcoming launch of crypto trading platform
【Blockchain Rhythm】Another big move. Germany’s second-largest bank DZ Bank announced that it had already received the MiCAR approval from the Federal Financial Supervisory Authority (BaFin) at the end of December, and can now officially operate its own crypto platform “meinKrypto”.
This is not just a license. DZ Bank plans to provide services to the main institutions of its financial group through meinKrypto, with the core goal of enabling these institutions to open crypto trading channels for their retail clients. In other words, you can buy cryptocurrencies at traditional banks now.
The platform launched with four cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Cardano. Although not all coins are available, this is a solid start. Traditional financial institutions are entering one after another, and the path to compliance is becoming clearer.