On November 15, Commerzbank became the first German bank to receive a cryptocurrency custody license from the German Federal Financial Supervisory Authority and the European Central Bank. With the license, Commerzbank can expand its cryptocurrency services and plans to develop a secure and compliant private blockchain platform.
This move is a premise for the expansion of the cryptocurrency market in Germany, as a number of other long-standing traditional banks such as Deutsche Bank AG have also applied to provide services. Dr. Jörg Oliveri del Castillo-Schulz, CEO of Commerzbank, Chia that this is an important step, demonstrating Commerzbank's commitment and ambition with new technology.
Commerzbank is a famous German bank, currently serving about 11 million customers. Commerzbank branches are present in more than 40 countries and contribute about 30% of Germany's foreign trade.
According to Chainalysis, Germany is the country with the second largest cryptocurrency economy in Europe. In addition, the 2022 CoinCub ranking determined that Germany is the most cryptocurrency-friendly country globally.
Recently , the German intelligence agency, Bundesnachrichtendienst (BND) launched a collection of nearly 1,000 Non-Fungible Token Dogs of BND , inspired by sniffer dogs to attract talented personnel in the field of blockchain and web3 security. .
