At least six financial institutions in Germany are dealing with cryptocurrency in one form or another, according to the Federal Financial Supervisory Authority (BaFin). This surprising statement was made in response to the inquiry by the member of left-wing political party “The Left” Thomas Lutze.
While not naming the banks in question, BaFin went on to clarify that financial institutions are dealing in and/or possibly acquiring cryptocurrency. It's not surprising, considering the fact that German banks were fist to introduce their clients to Bitcoin several years ago, but the absence of clear government regulation regarding the cryptocurrencies has slowed down the adoption process considerably. Of course, it's quite possible, that the regulations would have put a damper on things and by now there wouldn't be any way for institutions to work with crypto.
Still, BaFin is closely watching the banks under its authority for money laundering, with or without crypto. But anything else, while being closely monitored, is not prohibited, for example, any financial institution with appropriate crypto licenses can place cryptocurrency ATMs in the country.