Deutsche Bank applies for license for cryptocurrency custody service

Planning to start a virtual currency custody business Deutsche Bank AG, a global megabank, announced on the 20th that it has applied for regulatory approval to operate a custody service for digital assets such as crypto assets (virtual currencies). Bloomberg reported. “We are strengthening our digital assets and custody business. We have submitted an application for a digital assets business license to the German Federal Financial Supervisory Authority (BaFin),” said David Lin, head of commercial banking at Deutsche Bank. did,” he said. It also goes on to say that the move is part of a broader strategy to increase fee