EU Capital Requirements Banks Holdings Crypto – Bitcoin Magazine

EU lawmakers have voted to impose stricter capital requirements on banks holding cryptocurrencies. Reuters topic

In an effort to “prevent instability in the crypto world from spilling over into the financial system,” says Markus Faber, economic spokesman for the European People’s Party of the EU Parliament, “banks will have to have a euro for every euro they invest in crypto.” keep.”

Lawmakers point to the chaos seen in markets over the past few months as further evidence that such regulation is necessary. With events such as the elimination of FTX, Celsius And others Fresh in the minds of consumers, the passage of the law is expected to be part of a larger set of regulations aimed at bringing the EU into line with international norms.

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