EUs Move to Set Capital Requirements for Cryptocurrency Assets and Banks

By Lola Coin Jun 28, 202364Views

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The European Union (EU) is making strides in strengthening its banking sector by proposing stringent regulations for cryptocurrencies and enhancing risk management practices. Swedish Finance Minister Elisabeth Svantesson, who chaired the talks, praised the proposed bank capital policy as a significant development. She emphasized that this agreement would enable banks to continue their operations despite external shocks, crises, or disasters. By doing so, the EU aims to reinforce the resilience of its banking sector and create a more secure and stable financial landscape.

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