๐ช๐บ The European Banking Authority (EBA), the EU's banking regulator, is finalising draft rules for banks holding Bitcoin and Ethereum.
The draft rules require banks to assign a risk weight of 1,250% to "unsecured" cryptocurrencies such as Bitcoin and Ethereum.
The framework applies to banks in the European Union that hold crypto assets on their balance sheets.
Once approved, the bill would become a delegated regulation and be sent to the European Parliament and the Council.
For example: a bank will have to tie up โฌ12.5 million of capital for โฌ1 million of $BTC held...
@Mamoud1
๐ฅ๐ฅ๐ฅ$BTC
