German authorities have responded to the Fifth EU Anti-Money Laundering Directive and allowed regulated financial institutions to interact with cryptocurrencies.
The definition says that they include “any digital representation of value, the issuer of which is not a central bank or public authority.” Digital assets do not have to be legally recognized; the main thing is that individuals and legal entities accept them as a means of payment that can be transferred, stored, or converted in electronic form.
“We see a great demand for crypto custody licenses. This indicates the desire of companies to work with the blockchain, including due to the adoption of new legislation,“ said Frank Schäffler, member of the Bundestag.
According to Handelsblatt, more than 40 banks have already announced their intention to start a crypto custody business in the future.
Applicants include Solarisbank, a German fintech company with a banking license, which, after permission from the authorities, opened the Solaris Digital Assets division to store bitcoins and other cryptocurrencies.
Technical analysis of Bitcoin (BTC):
Over the past day, the price of bitcoin dropped to the support level of $9,730. Now, it is $9,800. In the future, we expect an increase in the price of bitcoin. The nearest resistance levels are $9,890, $9,980, $10,000, $10,200, $10,500. The nearest support levels are $9,700, $9,450, $9,200, $9,000, $8,720, $8,500, $8,380, $8,250.
Technical analysis of Ethereum (ETH):
Over the past day, the price of ethereum rose to the resistance level of $224, then it fell to the support level of $217. Now, it is $223. In the future, we expect the continuation of the upward movement. The nearest resistance levels are $224, $230, $235. The nearest support levels are $219, $215, $213, $206, $200.
Technical analysis of Ripple (XRP):
Over the past day, the price of ripple fell to the support level of $0.2670. Now, it is $0.2730. In the future, we predict the continuation of the upward movement. The nearest resistance levels are $0.2810, $0.2855, $0.29, $0.31. The nearest support levels are $0.2710, $0.2650, $0.2580, $0.2530, $0.2450, $0.24, $0.2380, $0.2360, $0.2320.