<ul><li>The European Insurance and Occupational Pensions Authority (Eiopa) recommends insurers to hold capital equivalent to 100% of the value of any crypto assets they hold.</li><li>The proposed regulation aims to discourage further investment in digital assets by making it more expensive for insurers to hold crypto assets.</li><li>Presently, insurers allocate capital covering between 60% and 80% of their crypto holdings, but the new rule would require full capital coverage for all crypto assets.</li><li>As of late 2023, European insurers held €655 million worth of crypto assets, comprising less than 0.01% of their total assets.</li></ul>

EU Targets Insurers with New 100% Capital Rule for Crypto Assets

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