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European Union Regulator: Wants Insurance Companies to Achieve 100% Coverage of Cryptocurrency Holdings
The European Union Insurance and Occupational Pensions Authority (EIOPA) proposed in its technical advice report to the European Union Commission on March 27 that insurers be required to maintain funds equal to the value of their cryptocurrency holdings as a measure to reduce policyholder risk. The proposed standard is much stricter than other asset classes, such as equities and real estate, which do not even need to have half the funding requirements. EIOP...
2025-03-28 03:20:05
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