On the 27th of March 2025, the European Insurance and Occupational Pensions Authority published its Technical Advice to the European Commission on standard formula capital requirements for investments in crypto-assets. EIOPA proposed to introduce a blanket 100% capital requirement across all crypto holdings, in order to promote a harmonised, prudent and proportionate treatment of crypto-assets. Moreover, EIOPA recommended reviewing the treatment of crypto holdings under Directive 2009/138/EU (Solvency II) in light of market developments and regulatory approaches in other sectors.
The European Commission will consider EIOPA’s Technical Advice whilst reviewing level 2 provisions of the Solvency II Directive.
