🇪🇺 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 €12.5 million of capital for €1 million of $BTC held...

@Mamoud1

🔥🔥🔥$BTC

$BNB