According to the German Business Daily, starting in 2020, it may be legal for German banks to sell cryptocurrencies such as Bitcoin and provide related custody solutions. Currently, financial institutions operating in Germany are not allowed to sell cryptocurrencies directly to their customers. However, thanks to the planned EU Anti-Money Laundering Order 4, this situation may change in the future. The bill has been approved by the German Bundestag and is currently awaiting consensus in 16 states. The final version of the bill goes beyond the scope of money laundering and previous plans and proposes to allow regulated banking institutions to provide cryptocurrency services without relying on currently required third-party custodians and special subsidiaries. If the states approve the proposal, German citizens will be able to hold Bitcoin, Ethereum, and other digital currencies directly in the bank. In addition, the bank will provide online banking solutions for all assets including stocks, bonds and cryptocurrencies. The German Banking Association (BdB) also endorsed the bill, noting that the bill may prevent cryptocurrency-related money laundering and allow German investors to enter the cryptocurrency field through domestic funds.