<p><strong>A pivotal turning point is on the horizon in Germany with the announcement of the launch of crypto custody services. This decision by the Landesbank Baden-Württemberg (LBBW) demonstrates the growing confidence of the traditional banking sector in digital assets. It comes as the European Union is set to implement a comprehensive regulatory framework for the crypto industry, known as MiCA. Let’s explore what this new era has in store for us.</strong></p>
<h2 id="h-the-german-bank-lbbw-will-offer-crypto-custody-services">The German Bank LBBW will Offer Crypto Custody Services!</h2>
<p>The introduction of crypto custody services by the Landesbank Baden-Württemberg (LBBW) marks a significant step forward in the adoption of crypto by the <a href="https://www.cointribune.com/en/crypto-american-banks-could-soon-hold-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">German banking sector</a>. By partnering with the Austrian exchange <a href="https://twitter.com/Bitpanda_global/status/1779786806268981310" target="_blank" rel="noopener noreferrer nofollow">Bitpanda</a>, the federal bank is demonstrating its commitment to becoming more involved in the digital asset ecosystem. However, it isn’t the only bank to have this idea.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>This decision echoes the recent announcement by DZ Bank which revealed its intention to launch a cryptocurrency trading pilot project in 2024. Moreover, other banks, such as Deutsche Bank, have been contemplating this mindset for some time. Indeed, it has been striving to follow digital assets since 2023 in collaboration with the Swiss startup Taurus.</p>
<div class="affiliate-button"><span class="affiliate-button__link obfuscated-link" data-href="https://www.cointribune.com/newsletters/" data-target="_blank" data-rel="noreferrer noopener">Découvre notre newsletter gratuite</span> <span class="affiliate-button__disclaimer obfuscated-link" data-href="https://www.cointribune.com/en/sponsored-content/" data-target="_blank" data-rel="noreferrer noopener">Ce lien utilise un programme d’affiliation</span>
</div>
<h2 id="h-mica-regulation-a-decisive-step">MiCA Regulation, a Decisive Step</h2>
<p>The MiCA regulation, which will come fully into effect in December 2024, will be a key element in the adoption of crypto by German banks. Indeed, this legal framework will provide a set of harmonized rules for the entire EU. It will thus offer greater security and better protection for investors. Consequently, German banks, like Landesbank Baden-Württemberg (LBBW), are actively preparing for this new regulation.</p>
<p>The entry of the Landesbank Baden-Württemberg (LBBW) into crypto marks a turning point in the adoption of this technology by the traditional banking sector in Germany. The regulatory framework <a href="https://www.cointribune.com/en/crypto-esma-opens-debate-on-the-mica-law/" target="_blank" rel="noopener noreferrer nofollow">MiCA</a> is on the horizon. In the meantime, German banks are positioning themselves to take advantage of the opportunities offered by digital assets. This evolution is a testament to the growing maturity of the crypto industry and its gradual integration into the traditional financial system.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitpanda.pxf.io/c/2801338/1295465/15871" target="_blank" rel="noopener noreferrer nofollow">Découvrir la plateforme Bitpanda</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">Ce lien utilise un programme d’affiliation</a>
</div>

Germany: The largest federal bank will offer crypto services!

Obsah

Cointribune EN

Ďalšie články zverejnené 15. 4. 2024

Ripple Exec Reveals Why USDC/XRP AMM Pool Keeps Getting Out Of Balance

Shiba Inu Insider Reveals Top 5 Shibarium Investment Rules

JUST IN! OKX Announces It Will List a New Altcoin!

Berachain Raises $100 Million in Series B Round for Global Blockchain Expansion

MetaTrace Concludes Series A Investment Round

Bitcoin Price: Calm After the Storm or More Choppy Waters?

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!