EU Proposes Strict Capital Requirements for Insurers Holding Crypto Assets

European insurers will be penalised for holding cryptocurrencies under proposals announced by EU regulators on Thursday, imposing their most stringent capital requirements ever on bitcoin and other digital assets. The move is designed to discourage EU insurers from holding digital assets, at a … The European Insurance and Occupational Pensions … The watchdog's punitive capital proposals would … This is a tougher approach than currently … . It is the first time Eiopa … . However, the proposals are unlikely to … . EU insurers held €655mn of … . Justifying its tough approach, the … "extreme price movements, market … ". It noted that the largest observed … The EU's capital requirements regulation currently … "look-through" approach to stablecoins and other … . Eiopa said it decided against this … "there is insufficient evidence to ensure … ", adding that "the differentiated treatment would introduce unnecessary … ". Global regulators have opted for a more … The Basel Committee on Banking Supervision … . Since US President Donald Trump's election last … "the bitcoin superpower of the … " and end a regulatory crackdown on … In January, the US Securities and … The SEC has also dropped lawsuits against … .

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