Yes, they tighten the requirements and the nuts again. As of right now, European banks are required to view cryptocurrencies as the riskiest asset class.
Today, the relevant EU parliamentary committee approved such an initiative.
As a result, banks will actually need to hold EUR 1 in equity for every EUR they hold in cryptocurrencies.
The MEPs explained that similar capital requirements will help prevent the crypto world's insecurity from spreading to the financial system.
However, it was offensive. Which of the worlds is more unstable needs to be determined, though. But our arbiter is time. It will reveal everything.
