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EU Proposes Capital Rule Requiring Insurers to Fully Back Crypto Holdings https://cryptonews.com/news/eu-proposes-capital-rule-requiring-insurers-to-fully-back-crypto-holdings/

EU Proposes Capital Rule Requiring Insurers to Fully Back Crypto Holdings

The European Union's insurance watchdog, the European Insurance and Occupational Pensions Authority (EIOPA), has proposed a new capital rule requiring insurers to maintain capital reserves equal to the full value of their cryptocurrency holdings. The move aims to shield policyholders from the volatility and risks associated with digital assets.