European traditional financial institutions are making new moves in the field of digital assets. The digital custody division Hauck Aufhäuser Digital Custody of the Dutch banking group ABN AMRO has officially obtained a license under the EU MiCAR (Markets in Crypto-Assets Regulation), which means they can provide crypto asset custody services to institutional investors under the unified EU regulatory framework.
This signal is quite interesting. As the EU's first comprehensive regulatory framework for crypto assets, MiCAR imposes quite strict requirements on custodians. Obtaining the license indicates that Hauck Aufhäuser's risk control system, asset segregation plan, and compliant operations meet EU standards. For institutional clients, this lowers the compliance threshold for entering the crypto market.
It is worth noting that ABN AMRO is also deepening cooperation with large financial institutions such as DZ Bank, indicating that traditional financial groups are increasing collaboration in the digital asset sector. As more European financial giants obtain compliant licenses and establish custody infrastructure, the conditions for institutional-grade crypto applications will gradually improve.
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LazyDevMiner
· 7h ago
Europe is playing chess again; traditional banks are banding together to enter crypto. It feels like sooner or later they'll all jump in.
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MidnightTrader
· 7h ago
This move by big institutions does look quite interesting, but to be honest, it's just traditional finance vying for more say in the game.
ABN AMRO obtained an EU license, and there will definitely be a bunch of followers later. At that point, what advantages will retail investors still have...
The MiCAR framework is strict, but it also seems like it's just paving the way for big capital.
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TopEscapeArtist
· 7h ago
Are they coming to cut into our retail again? Traditional finance gets licensed and then starts to step in. This is a dangerous signal.
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NotFinancialAdvice
· 8h ago
European legacy banks are also starting to seriously engage with crypto, adding another excuse for institutional entry
Traditional finance finally stops pretending and directly obtains MiCAR licenses; compliance is becoming more intense
With improved custody infrastructure, is it far from big institutions bottoming out... retail investors are about to be harvested again
ABN AMRO's move indicates that Europe is really integrating crypto into its system, which is significant
This is what is called traditional finance's "inclusion"; the threshold is lowered but profits are still taken by the big players
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AirdropworkerZhang
· 8h ago
So, this is the beginning of the big fish eating the small fish... Traditional finance is being integrated, and the good days for retail investors may really be coming to an end.
European traditional financial institutions are making new moves in the field of digital assets. The digital custody division Hauck Aufhäuser Digital Custody of the Dutch banking group ABN AMRO has officially obtained a license under the EU MiCAR (Markets in Crypto-Assets Regulation), which means they can provide crypto asset custody services to institutional investors under the unified EU regulatory framework.
This signal is quite interesting. As the EU's first comprehensive regulatory framework for crypto assets, MiCAR imposes quite strict requirements on custodians. Obtaining the license indicates that Hauck Aufhäuser's risk control system, asset segregation plan, and compliant operations meet EU standards. For institutional clients, this lowers the compliance threshold for entering the crypto market.
It is worth noting that ABN AMRO is also deepening cooperation with large financial institutions such as DZ Bank, indicating that traditional financial groups are increasing collaboration in the digital asset sector. As more European financial giants obtain compliant licenses and establish custody infrastructure, the conditions for institutional-grade crypto applications will gradually improve.