EU Lawmakers Impose ‘Prohibitive’ Requirements on Banks’ Crypto

In the meantime, “banks will be required to hold a euro of own capital for every euro they hold in crypto,” Markus Ferber, the economic spokesperson for the parliament’s largest political grouping, said in a statement. “Such prohibitive capital requirements will help prevent instability in the crypto world from spilling over into the financial system.”

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• Source: https://www.coindesk.com/policy/2023/01/24/eu-lawmakers-impose-prohibitive-requirements-on-banks-crypto/?utm_medium=referral&utm_source=rss&utm_campaign=headlines