The threats of a regulatory straightjacket clarify on Bitcoin (BTC) and cryptocurrencies. As we mentioned, a little less than a month ago, the European Parliament is in the midst of a debate impose new restrictions on banks who wish to hold and offer crypto-assets.
As CoinDesk reports in particular, the parliamentarians of Brussels have published a law Project last friday, which includes the new bank bonds mentioned above. Namely, imposing a maximum risk weight for establishments wishing to own bitcoins and other cryptos.
The risk weighting in question is gigantic: it would currently be set at 1250% for European banks. The EU legislators are thus taking to the letter the proposals of the Basel Committee made in December 2022. The long European legislative process will continue in the coming months for this bill, which will therefore add an additional layer of regulations on cryptocurrencies, in addition to the binding MiCA regulation. Case to follow.
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