Germany’s DZ Bank secures MiCA license for ‘meinKrypto’ platform

Retail crypto access will initially cover Bitcoin, Ether, Litecoin and Cardano through participating cooperative banks.

DZ Bank, one of Germany’s largest banking groups by assets, secured a license under the European Union’s Markets in Crypto-Assets Regulation (MiCA), clearing a key regulatory hurdle to operate crypto services within the jurisdiction. 

DZ Bank announced Wednesday that it had received approval from Germany’s Federal Financial Supervisory Authority (BaFin) to operate its crypto platform, “meinKrypto,” which is designed to provide crypto trading infrastructure to banks within Germany’s cooperative banking network. The platform will be made available to participating local banks in the coming months. 

Under the model, DZ Bank will act as the central operator of the platform, while individual cooperative banks will determine whether to offer the crypto services to their retail customers. Each participating bank must file a separate MiCA notification with BaFin before enabling crypto trading.

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