Exclusive Content:

McDonald’s feeding of poor children causes scandal in Austria | video

Federal Chancellor Austriaconservative Karl Nehammer, started a scandal in...

Peruvian citizen arrested after 150 bomb threats in US

Peruvian police a man suspected of committing a...

New rules to end the era of “The stock market crashed, the money is gone” for banks transacting with European Union cryptocurrency

2022 was not a good year for crypto investors. Because events such as the bankruptcy of Terra (LUNA) and FTX resulted in a loss for the investor on the one hand and for the sector on the other. broke the trust. Parallel to all these discussions, the regulatory discussions started. The latest news is about the cryptocurrencies of the European Union. an important regulation proved that it was about to be implemented.

The European Parliament (EP) committee has raised an important issue regarding banks allowing cryptocurrency-related transactions. approved the edit. This regulation imposes an important rule on banks that hold or allow cryptocurrency trading. The regulation, which will be opened for approval by EU member states after approval in the General Assembly, aims to protect investors.

The regulation imposes capital requirements on banks that hold cryptocurrencies!

European parliament

The regulation, approved by the European Parliament, sets capital requirements for banks. Let’s say a bank has $1 billion in Bitcoin. According to the regulation, the bank It will allocate $1 billion in capital for Bitcoin alone. This protects the bank and its customers in the event of possible shocks. In addition, banks can determine how much cryptocurrency they have and what services they offer related to cryptocurrency. transparent They will have to explain it somehow.

Basically the amount of cryptocurrency each bank owns. 1250 percent It is recommended to allocate capital. However, AP considers 100 percent of the capital amount to be a reasonable level. If the countries of the European Union accept and put the regulation into effect, banks From 2025 will allocate as much capital as the amount of cryptocurrency. If the regulation comes into force, it will fall under Basel III, an internationally agreed agreement following the 2008 crisis.

Source: Web Tekno

Latest

McDonald’s feeding of poor children causes scandal in Austria | video

Federal Chancellor Austriaconservative Karl Nehammer, started a scandal in...

Peruvian citizen arrested after 150 bomb threats in US

Peruvian police a man suspected of committing a...

Newsletter

Don't miss

McDonald’s feeding of poor children causes scandal in Austria | video

Federal Chancellor Austriaconservative Karl Nehammer, started a scandal in...

Peruvian citizen arrested after 150 bomb threats in US

Peruvian police a man suspected of committing a...

Volkswagen factories in Germany were closed for several hours due to a software glitch

Production at seven Volkswagen plants in Germany was halted from Wednesday afternoon until Thursday morning due to a software glitch. ...

McDonald’s feeding of poor children causes scandal in Austria | video

Federal Chancellor Austriaconservative Karl Nehammer, started a scandal in his country by declaring that poor Austrian children can eat McDonald's thanks to the modest...

Peruvian citizen arrested after 150 bomb threats in US

Peruvian police a man suspected of committing a crime was arrested wave of bomb threats against schools, synagogues, hospitals and airports in the...

LEAVE A REPLY

Please enter your comment!
Please enter your name here