EU Proposes Stricter Capital Requirements for Insurers' Crypto Holdings

EU Proposes Stricter Capital Requirements for Insurers' Crypto Holdings.jpeg

The European Insurance and Occupational Pensions Authority (EIOPA) has proposed a significant regulatory change that would require insurance companies in the EU to fully cover their cryptocurrency holdings with capital reserves. This move aims to protect policyholders from the inherent risks associated with the volatility of crypto assets.

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