Crypto Update | Europe Gets Serious About Crypto Rules
Markets Outlook
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The European Parliament's Economic and Monetary Affairs Committee Voted to Impose a Strict Restriction on Banks Seeking to Hold Crypto
The European Parliament's Economic and Monetary Affairs Committee has voted to impose strict restrictions on banks seeking to hold crypto. The measures are a bid to anticipate international norms that would limit the amount of unbacked assets such as Bitcoin and Ether lenders can hold before the European Commission proposes more extensive rules. In Europe markets were more mixed, with regional stock 600 traded flat while London's FTSE 100 lost just under half a point. But in Asia, Chinese markets remained closed for Lunar New Year. And lastly, turning to commodities markets, Brent crude, that's the global benchmark for oil, lost 2 10s of 1 percent, currently trading at $88.22 per barrel. Gold, meanwhile,
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