Wu Blockchain (@WuBlockchain): According to FT, EU regulators on Thursday announced a proposal to impose a 100% capital requirement on European insurers holding cryptocurrencies — t…
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According to FT, EU regulators on Thursday announced a proposal to impose a 100% capital requirement on European insurers holding cryptocurrencies — the most stringent capital rule ever introduced by the EU for Bitcoin and other digital assets. Currently, most EU insurers allocate only 60% to 80% capital against their crypto holdings. The proposal is still pending approval by the European Commission. ft.com/content/58e246…