EU Lawmakers Seek to Cap Banks’ Bitcoin Holdings

by Jeremy

“An institution’s total exposure to class 2 crypto-asset exposures must not be higher than 1% of the institution’s Tier 1 capital at all times,” said the proposal tabled by the Finnish Member of the European Parliament, imposing an absolute limit on how much bitcoin regulated lenders can hold. Tier 1 capital represents the highest-quality capital in a bank’s reserves.

Source link

Related Posts

You have not selected any currency to display