EU Establishes Comprehensive Framework for Capital Requirements in Crypto Banks

EU Establishes Comprehensive Framework for Capital Requirements in Crypto Banks


Coinpedia
2023-06-27 08:42:24

The post EU Establishes Comprehensive Framework for Capital Requirements in Crypto Banks appeared first on Coinpedia Fintech News The European Union (EU) has achieved a significant milestone by reaching a political agreement on new bank-capital legislation, which encompasses regulations for crypto-assets. The agreement comes as a response to concerns about unbacked cryptocurrencies entering the traditional financial system, prompting lawmakers to propose restrictive measures. The announcement of the deal was made via a tweet …