The EU is charting new territory with its advanced bank capital policy, which now includes regulations for digital currencies. The policy development emerged from a meeting involving the European Parliament, Member-State governments and the European Commission:

On Tuesday 27/06 @EP_Economics negotiators struck a deal
on changes to Capital Requirements Regulation & Directive #CRR & #CRD @jonasfernandez w/ #EU2023SE details will follow pic.twitter.com/7eRCgk7Eg5

— ECON Committee Press (@EP_Economics) June 27, 2023

A key point of this policy is the approved implementation of the Basel III — an international standard of banking that was accepted into these provisions by the European Parliament on February 8, 2023 — which states: “institutions shall apply a 1250% risk weight to their exposures to crypto-assets in the calculation of their own funds requirements.”

This differentiates the categorization for crypto-assets based on their risk characteristics and specific compliance conditions. It also outlines individual capital and liquidity requirements for each category, allowi

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Author: Emily Tonelli

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