DZ Bank Secures MiCA License for Regulated Crypto Services
Germany's DZ Bank received a MiCA license from BaFin to operate its 'meinKrypto' platform for cooperative banks.Summary
DZ Bank, a major German banking group, has obtained a crucial license under the EU's Markets in Crypto-Assets Regulation (MiCA) from the Federal Financial Supervisory Authority (BaFin). This approval allows the bank to operate its "meinKrypto" platform, which provides crypto trading infrastructure to banks within Germany’s cooperative banking network. DZ Bank will serve as the central operator, but individual cooperative banks must file separate MiCA notifications with BaFin before offering crypto services to their retail customers. The platform, developed with IT service provider Atruvia, will initially support Bitcoin, Ether, Litecoin, and Cardano, integrated into the VR Banking App. This license moves DZ Bank's crypto strategy from planning to execution, establishing it as an early adopter of the unified EU crypto framework.
(Source：Cointelegraph)