Germany is considering a bill permitting banks to hold bitcoins. The authors of the bill propose setting up new rules for regulated financial institutions, which will allow them to sell and hold cryptocurrencies.

If the bill gets approved, customers will have access to their cryptocurrency assets within banking applications. At the moment, the only transactions available in such applications are those involving securities, bonds and stocks.

The bill is being reviewed as part of the measures to ensure compliance with the EU Anti-Money Laundering Directive. If the bill gets passed, banks will start providing cryptocurrency-related services from 2020.