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EU Lawmakers Impose ‘Prohibitive’ Requirements on Banks’ Crypto

From coindesk.com

The European Parliament's Economic and Monetary Affairs Committee voted to impose strict restrictions on banks seeking to hold crypto. The measures, a leaked version of which was reported by CoinDesk Monday, are a bid to anticipate international norms that would limit the amount of unbacked assets such as bitcoin (BTC) and ether (ETH) lenders can hold before the European Commission proposes more extensive rules. In the meantime, “banks will be required to hold a euro of own capital for every euro they hold in crypto," Markus Ferber, the economic spokesperson for the parliament's largest political grouping, said in a ... (full story)

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