Germany's Largest Bank to Launch Secure Cryptocurrency Services

The largest bank in Germany, Landesbank Baden-Württemberg, will soon offer services for keeping cryptocurrencies safe.

[{"selector":"#anim-3d760412-bac3-4def-b817-62fc923c6af8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] They'll partner with Bitpanda, an Austrian cryptocurrency exchange, to provide these services to big companies.

[{"selector":"#anim-98df6a17-7b2d-401d-9e40-021b06c21aec [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Other big banks in Germany, like Deutsche Bank and DZ Bank, are also getting ready to offer crypto services.

[{"selector":"#anim-3dff9717-370c-4726-b7fe-5dee11d57558 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] There's a new law in Europe called MiCA that will regulate crypto exchanges starting in December 2024.

This law will make sure crypto exchanges follow certain rules to protect customers.

[{"selector":"#anim-3a957406-8449-4316-b086-5f4fda42f27a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

[{"selector":"#anim-87475cdd-89ed-4df5-82f3-a83054caf879 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Right now, there's a discussion about how crypto services from outside the EU can operate in Europe without breaking the new rules. Learn more