Europe: Insurers Will Have To Cover 100% Of Their Crypto Assets
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min read ▪ by
EIOPA strikes hard: insurers will have to cover 100% of the value of their crypto-assets. A decision that changes the game. But that’s not all! It also sends a clear signal to the markets.
A bulwark against crypto volatility
The European Insurance and Occupational Pensions Authority (EIOPA) puts forward a radical proposal. It consists of applying a capital requirement equivalent to 100% of the value of the crypto-assets recorded on insurers’ balance sheets.
Explanation: for every euro invested in cryptocurrency, one euro in own capital must remain…
