Credit agricole and crypto

Crédit Agricole: authorized to store crypto

24 June 2023

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Crédit Agricole, a well-known French bank, has obtained a valid license in France for the custody of crypto assets.

CACEIS Bank played a central role during this operation by acting as an intermediary. For those unfamiliar with it, CACEIS Bank provides services related to insurance, pension funds to large asset managers.

The action carried out by Crédit Agricole was probably an example for other giants in the banking world such as Deutsche Bank which recently requested a license for crypto custody from the German counterpart of the AMF.

The France Bank thus remains in step with the times after a large investment in a period in which large institutions are showing particular interest in crypto assets.

SOURCE: TheCryptoGateway

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