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European Insurers Face 100% Capital Requirement on Crypto Holdings

  • The European Union proposes a 100% capital requirement for insurance companies holding cryptocurrencies, including Bitcoin.
  • This means insurance firms must dedicate their entire capital reserves to digital assets when making investments.
  • European insurers currently reserve between 60% and 80% of their capital for protecting cryptocurrency assets.
  • The proposal is still under review by the European Commission.

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