- So, an EU agency thinks 100% capital backing for crypto insurers is a great idea. High volatility, they say. Really? Who knew? 🙄
- Circle, the stablecoin folks, are like, “Hey, maybe let’s not treat all crypto like it’s a ticking time bomb.” Good point, right? 🤔
Now, the European Union’s insurance watchdog, EIOPA, has come up with this brilliant plan for 1:1 backing capital requirements for insurers dealing with crypto assets. Because, you know, why not? 😏
According to them, this 100% capital backing is just what we need because, surprise, surprise, crypto is volatile. They even said,
“EIOPA considers a 100% haircut in the standard formula prudent and appropriate for these assets in view of their inherent risks and high volatility.”
Room for flexibility
They claim this move will fill a regulatory gap in the MiCA framework, which, let’s be honest, is like Swiss cheese—full of holes. 🧀
And get this: Bitcoin and Ethereum had drops of 82% and 91% in the past. So, naturally, they think we should assume an asset could just vanish into thin air. Makes sense, right? 🤷♂️
Oh, and EIOPA says Luxembourg and Sweden are in for a rough ride if the EU Commission goes ahead with this. These countries are practically swimming in crypto assets—over 90% exposure! Talk about a risky swim! 🏊♂️
But wait, there’s more! They admitted that a blanket 100% capital requirement might not be the best fit for a future where crypto is as common as, I don’t know, coffee? ☕️
“A possible broader adoption of crypto assets may, however, require a more differentiated approach down the line.”
//ambcrypto.com/wp-content/uploads/2025/03/Screenshot-2025-03-28-131437.png”/>
Read More
- Clash Royale Best Boss Bandit Champion decks
- Mobile Legends November 2025 Leaks: Upcoming new heroes, skins, events and more
- PUBG Mobile or BGMI A16 Royale Pass Leaks: Upcoming skins and rewards
- The John Wick spinoff ‘Ballerina’ slays with style, but its dialogue has two left feet
- Kingdom Rush Battles Tower Tier List
- Delta Force Best Settings and Sensitivity Guide
- Vampire’s Fall 2 redeem codes and how to use them (June 2025)
- Clash Royale Season 77 “When Hogs Fly” November 2025 Update and Balance Changes
- Stocks stay snoozy as Moody’s drops U.S. credit—guess we’re all just waiting for the crash
- ‘Australia’s Most Sexually Active Woman’ Annie Knight reveals her shock plans for the future – after being hospitalised for sleeping with 583 men in a single day
2025-03-28 19:06