EU Lawmakers to Reportedly Introduce Tighter Crypto Rules for Banks
European Union lawmakers backed a draft law on Tuesday, 24 de ene. de 2025, to implement the European Parliament committee has voted to approve draft capital rules that will significantly impact how banks handle cryptocurrencies. The move comes amid growing concerns about the risks posed by digital assets and aims to ensure financial stability within the EU. According to reports, the Economic and Monetary Affairs Committee of the European Parliament is spearheading these regulatory changes.
Key Changes to Crypto Rules for Banks in the EU
The proposed rules introduce several key changes, including restrictions on the amount of capital banks can allocate to Bitcoin. Specifically, Banks would be allowed to hold 2% of capital in bitcoin, but required to have a significantly larger buffer against potential losses. Banks would have to set aside a punitive amount of capital to cover holdings of crypto assets, reflecting the perceived volatility and risk associated with them. These requirements are according to the recommendations from the global regulatory bodies, ensuring a consistent approach to crypto regulation.
Privacy Concerns and Anonymous Cryptocurrencies
The new regulations also address concerns surrounding privacy-focused cryptocurrencies. Cryptocurrencies that aim to enhance user privacy and support anonymous transactions are likely to face increased scrutiny and potentially stricter regulations. This reflects a broader effort to combat money laundering and illicit activities facilitated by anonymous digital assets.
EU Commission Report on Shadow Banks
The amendment requires the EU's executive European Commission to publish a report by June 2025 analysing the possibility of introducing prudential limits on banks' exposures to shadow banks. Furthermore, The European Commission will be called to publish a report by June 2025 on this matter. This report will be crucial in determining whether further measures are needed to mitigate risks associated with these financial entities.
Looking Ahead
These tighter crypto rules for banks signal a significant shift in the EU's approach to digital assets. With the European Commission due to publish a report by June 2025, expect further refinements and adjustments to the regulatory landscape. The ultimate goal is to strike a balance between fostering innovation in the crypto space and safeguarding the stability of the financial system.