"Germany's second-largest lender DZ Bank has received authorization under the European Union's Markets in Crypto-Assets Regulation, clearing the way for the launch of a retail crypto trading platform across the country's cooperative banking sector. The German Federal Financial Supervisory Authority, BaFin, granted the MiCAR license at the end of December. With the approval, DZ Bank will roll out "meinKrypto," a digital asset trading platform designed for customers of Volksbanken and Raiffeisenbanken, Germany's network of cooperative banks."
"The platform allows local cooperative banks to offer retail clients access to cryptocurrency trading within an existing banking environment. DZ Bank acts as the central institution, while each cooperative bank must submit its own MiCAR notification to BaFin before activating the service for customers. Once approved and integrated into the VR Banking App, meinKrypto will function as a wallet and trading interface for self-directed investors. At launch, the platform will support Bitcoin and other crypto."
"The rollout will follow a decentralized model. Each cooperative bank will decide whether to offer crypto trading based on its own strategy and risk assessment. Customers will be able to buy, sell, and hold digital assets without using external exchanges, keeping activity within the regulated banking system. The technical infrastructure behind meinKrypto was developed by Atruvia, the IT provider for the cooperative financial group, in partnership with DZ Bank."
DZ Bank received authorization under the EU's Markets in Crypto-Assets Regulation (MiCAR) from BaFin in late December. The bank will launch meinKrypto, a digital-asset trading platform for customers of Volksbanken and Raiffeisenbanken, enabling retail clients to buy, sell, and hold cryptocurrencies within the VR Banking App. Each cooperative bank must file its own MiCAR notification with BaFin before enabling the service. The rollout will be decentralized, allowing each cooperative bank to decide based on strategy and risk. Atruvia developed the technical infrastructure with DZ Bank, and Stuttgart Stock Exchange Digital will provide custody, with additional assets subject to regulatory review.
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