European Unionin the effort of the deputies’ efforts to keep the crypto away from the traditional finance, the new bank capital legislation was reached on the legislation.
The development of the crypto market tightens countries’ moves against this sector. European Union, in recent months, the crypto regulation was enacted. Mica accepted by 27 countries is the first crypto regulation to receive legal status.
However Europe Unitydeputies in the traditional finance to prohibit the transmission of crypton is spending intensive overtime. In this context, an agreement was reached on a new legislation in the European Union.
The European Union can protect traditional finance
Many deputies in the European Union (EU) demanded prohibitive measures to prevent crypton from infection to traditional finance. Following the consultation of MPs on crypto and traditional finance, an agreement was reached on the new bank capital legislation. This agreement is planned to be submitted and approved to the parliament.
This agreement made, European Parliament‘ Economic And Monetary WorksIt was announced with a tweet thrown from the committee. BanksThe agreement on many controversial issues, including methods of assessing the risks of company and housing loans It will be presented at the EU Council.
This compromise EU Councilmust be approved by member states and deputies. However, the process is estimated to take months.
Moreover, Basel Banking Audit Committee ‘International regulators are working on a globally valid crypto banking rule book.
