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Europe’s Insurance Regulator Wants 100% Crypto Asset Coverage — Here’s What It Means

Bitcoinist LogoBitcoinist2d ago

Europe’s Insurance Regulator Wants 100% Crypto Asset Coverage — Here’s What It Means - Bitcoinist

Quick Summary:

The European Insurance and Occupational Pensions Authority (EIOPA) has proposed a new regulation requiring insurers to maintain capital equivalent to the full value of their cryptocurrency holdings.

The recommendation, included in a technical advice report to the European Commission on March 27, reflects a growing concern over the volatility and risks associated with digital assets.

Data from Q4 2023 revealed that insurers in Luxembourg and Sweden hold the majority of crypto exposure, accounting for 69% and 21% respectively.

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-29 @ 06:00:20 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 466 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 27395196

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 10 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

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The story "Europe’s Insurance Regulator Wants 100% Crypto Asset Coverage — Here’s What It Means" has 466 words across 32 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Europe’s Insurance Regulator Wants 100% Crypto Asset Coverage — Here’s What It Means" was covered 2 days ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 10 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #27395196
  • URL: https://chronographically.beamstart.com/news/europes-insurance-regulator-wants-100-174322863514

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