Home Cryptocurrency European banks must fully cover equity stakes in cryptocurrencies, draft text says

European banks must fully cover equity stakes in cryptocurrencies, draft text says

by SuperiorInvest

The European Parliament’s Economic and Monetary Affairs Committee is due to vote on amendments to the package to ensure traditional institutions issue enough capital to maintain lending levels. The text, seen by CoinDesk, asks the European Commission to propose a bill by June 2023 and says banks should apply a risk weight of 1,250% to cryptocurrency exposures by the end of 2024.

Source Link

Related Posts

%d bloggers like this: