ChainCatcher news, according to Ledger Insights, Germany's DekaBank has obtained a cryptocurrency custody license from the country's regulatory authority BaFin and the European Central Bank (ECB). Commerzbank was the first German bank to receive a license last year, while other major banks, including DZ Bank, have yet to obtain one.BaFin has issued an additional 11 cryptocurrency custody licenses, primarily targeting cryptocurrency companies. One of these is the digital asset custody subsidiary of Hauck Aufhäuser Lampe Privatbank.The difference between DekaBank and Commerzbank in relation to cryptocurrency companies is that the former is licensed under the Banking Act (KWG). This is the second new license DekaBank has obtained this year. In July, the company received a license as a crypto securities registrar for issuing digital securities based on DLT in Germany. These crypto securities can be issued without the need for a central securities depository (CSD).

ChainCatcher news, according to CoinDesk, the tokenized asset exchange 21X running on Polygon has received approval from the German financial regulator BaFin to go live, planning to launch a tokenized financial instruments exchange at its headquarters in the first quarter of 2025. The exchange plans to trade tokenized equities, debt securities, funds, and real-world assets (RWA), such as real estate or artworks that qualify as financial instruments.It is reported that, in addition to BaFin, the Deutsche Bundesbank, the European Securities and Markets Authority (ESMA), and the European Central Bank (ECB) were also involved in the approval of 21X.

ChainCatcher news, the Federal Financial Supervisory Authority (BaFin) of Germany recently launched a nationwide operation against unlicensed cryptocurrency ATMs. This operation seized 13 cryptocurrency ATMs and $28 million in cash. The action took place on August 20 and involved 35 locations that reportedly operated unlicensed crypto ATMs.BaFin emphasized that these unlicensed ATMs are often used for scams, fraud, and money laundering activities, posing a serious risk to the financial system. According to German banking law, cryptocurrency ATM operators must obtain authorization from BaFin. Violators may face severe legal consequences, including up to 5 years of imprisonment.

ChainCatcher news, Crypto Finance announced that the German regulator BaFin has granted four licenses to its German subsidiary. The Swiss Financial Market Supervisory Authority (FINMA) has been overseeing this institution-focused Swiss company, whose parent company is Deutsche Börse, which was acquired in 2021. Deutsche Börse plans to launch the institutional cryptocurrency exchange Deutsche Börse Digital Exchange (DBDX) this year.

ChainCatcher news, according to sources from Finance Forward, the German financial regulator BaFin has decided not to grant a custody license to the cryptocurrency exchange Binance. It is still unclear whether this is a formal cancellation or if the regulators have expressed their intentions during ongoing negotiations.According to previous reports, on June 26, Binance withdrew its application for an Austrian license under pressure from regulators. Additionally, Binance had previously abandoned its registration with the Cyprus Securities Regulator, and after a failed attempt to register, decided to exit the Netherlands, and was also ordered to cease operations in Belgium. (source link)

ChainCatcher news, the digital division Blocknox of the Stuttgart Stock Exchange (Boerse Stuttgart) has received the final license for cryptocurrency custody from the country's financial regulator BaFin. This license will allow Boerse Stuttgart Digital to provide trading and trust custody services for institutional investors.Boerse Stuttgart is the sixth largest stock exchange in Europe, and the company launched a cryptocurrency trading app in 2018, which exceeded $1 billion in trading volume in 2020. (CoinDesk)