Negotiators from the European Parliament, the Council and the European Commission reached a provisional agreement on amendments to the Capital Requirements Regulation (CRR) and the Capital Requirements Directive (CRD). In order to address potential risks, MEPs also ensured that banks must disclose their exposure to crypto assets and set capital requirements for crypto assets until the Commission puts forward specific legislative proposals.
The interim political agreement must still be approved by the Economic and Monetary Affairs Committee, followed by a full vote, after which the Council approves the agreement before it can take effect.