EU Lawmakers Seek to Cap Banks’ Bitcoin Holdings

Aug 17,2022,23:29

European Union (EU) banks that are exposed to cryptocurrencies like Bitcoin would face caps and hefty capital requirements under proposed amendments to a financial-services law published Wednesday. And under the plans, set out in a document dated Aug. 11, crypto assets like bitcoin, which are deemed unduly volatile or risky and known collectively as class 2, would have the most cautious possible rating.

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