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‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament

January 26, 2023

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EU Legislators Approve Draft Law Implementing the Basel III Capital Regulations for Banks

Members of the European Parliament’s Committee on Economic and Monetary Affairs (ECON) supported a bill on Tuesday designed to enforce the latest global bank capital rules. Reuters noted in a report that the lawmakers have also incorporated specific requirements addressing risks that stem from crypto assets.

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