EIOPA
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🏦 The EU plans strict norms for insurance companies when dealing with crypto.
The European supervisory authority EIOPA proposed to require insurance and pension companies to fully cover cryptocurrency assets in their portfolios with 100% capital — effectively equating crypto to a potentially completely lost sum.
The goal is to protect policyholders and pension program holders from the volatility of cryptocurrencies, as prices can fall sharply.
The goal is to protect policyholders and pension program holders from the volatility of cryptocurrencies, as prices can fall sharply.
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