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DZ Bank Gains BaFin MiCAR Approval for Retail Crypto Platform meinKrypto

Rollout now hinges on each cooperative bank securing its own BaFin notification before turning the service on.

Overview

  • The authorization, granted in late December and announced Jan. 13, allows DZ Bank to operate meinKrypto under the EU’s MiCAR framework.
  • meinKrypto will appear inside the VR Banking app as a self-directed investing feature for retail customers.
  • Digital asset custody will be provided by Boerse Stuttgart Digital Custody, with trade execution handled through EUWAX.
  • At launch, supported assets will include Bitcoin, Ethereum, Litecoin and Cardano.
  • Built with IT provider Atruvia as shared infrastructure, the service requires each Volksbank or Raiffeisenbank to opt in and obtain its own MiCAR notification, with a Genoverband study indicating over one-third plan near-term adoption.