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German banks to store bitcoin soon

Cryptocurrencies might finally go hand in hand with traditional money services. Starting from 2020, it might be legal for German banks to sell cryptocurrencies like Bitcoin and provide custody solutions, local media reports.  Germany Welcomes Cryptos with Open Arms Currently, financial institutions operating in Germany are not allowed to directly sell cryptocurrencies to their clients. However, this could change in the future thanks to the planned law that implements the fourth EU Money Laundering Directive.

The post German Banks Could Store Bitcoin and Provide Crypto Services Soon appeared first on Bitcoinist.com.

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