European Financial Regulation Developments: Germany's second-largest bank DZ Bank officially obtains a MiCAR crypto trading license, and its crypto asset platform meinKrypto has launched in compliance, introducing digital asset trading capabilities to the German retail banking system.

What does this mean? Volksbanken and Raiffeisen banks across Germany can now directly offer cryptocurrency trading services to their customers through their own VR Banking app, with trading options including major cryptocurrencies such as BTC, ETH, LTC, ADA, and more.

This represents a groundbreaking attempt by the traditional banking system under the European MiCAR framework. Starting in 2024, after the EU MiCAR officially comes into effect, crypto asset trading will gradually be integrated into the traditional financial regulatory system. DZ Bank's move marks the beginning of large European financial institutions systematically providing compliant crypto trading channels for retail clients, rather than just offering investment products. This bank-level compliant operational model could become a benchmark for traditional financial institutions worldwide entering the Web3 space.