MK _CRYPTO
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European Banks Face Strict Capital Rules on Unsupported Cryptocurrencies
The European Banking Authority (EBA) has announced a new regulation requiring banks in the European Union to hold more capital to cover risks from unsupported cryptocurrencies such as Bitcoin and Ethereum. These rules, which came in the final draft of regulatory technical standards, aim to standardize capital requirements related to digital assets among European banks and apply to institutions that hold these assets on their balance sheets.
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