Circle and Deutsch Bank’s Crypto Custody Spotlights KYC/AML

Circle and Deutsch Bank’s Crypto Custody Spotlights KYC/AML

01 Jul Crypto News

Crypto has long been, and still can be, a safe haven for bad actors. That simple fact has long made digital asset custody a thorny issue.

Providing a safe haven for crypto could ultimately result in bad actors finding their own safe haven within the American financial system. While custody in traditional finance is the boring backbone of asset safety, in crypto, it’s a technological and regulatory minefield.

But with the news Tuesday (July 1) that Deutsche Bank is planning to debut its cryptocurrency custody service in 2026, while on Monday (June 30) news broke that stablecoin issuer Circle is seeking a charter for its own national trust bank, it’s clear that, thorny or not, digital asset custody has started to capture the…

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