歐盟監管機構推動對保險公司加密貨幣持有的更嚴格的資本規則

歐洲保險監管機構正在考慮一項艱鉅的新要求，該要求將迫使保險公司以相等數量的資本支持其加密貨幣。

European insurance regulators are pushing for stricter capital rules on insurers' crypto holdings, aiming to mitigate the risks posed by the volatility of digital assets and ensure financial stability.

歐洲保險監管機構正在推動對保險公司的加密持有的更嚴格的資本規則，旨在減輕數字資產的波動率帶來的風險並確保財務穩定。

The European Insurance and Occupational Pensions Authority (EIOPA) has proposed several options for regulating insurers' crypto exposure in a report submitted to the European Commission.

歐洲保險和職業退休金局（EIOPA）在提交給歐洲委員會的報告中提出了幾種調節保險公司加密貨幣的選擇。

The regulator strongly supports the most aggressive approach, which would require firms to assume that crypto investments could lose their entire value. This is in contrast to traditional assets, such as stocks or real estate, which face lower capital requirements.

監管機構強烈支持最激進的方法，這將要求公司假設加密貨幣投資可能會失去全部價值。這與傳統資產（例如股票或房地產）形成鮮明對比，這些資產面臨較低的資本要求。

Cryptocurrencies would carry a full 100% capital charge under this framework. EIOPA defended this position by highlighting the extreme price swings seen in the market.

在此框架下，加密貨幣將攜帶全部100％的資本費用。 EIOPA通過強調市場上的極端價格波動來捍衛這一立場。

Historical data from showed that major cryptocurrencies, like Bitcoin and Ether, have suffered massive losses, dropping by over 80% and 90%, respectively.

來自的歷史數據表明，像比特幣和以太等主要加密貨幣遭受了巨大的損失，分別下降了80％和90％。

Due to this unpredictability, EIOPA believes that even an 80% capital requirement may not be sufficient to protect insurers from potential losses.

由於這種不可預測的性能，EIOPA認為，即使是80％的資本要求也可能不足以保護保險公司免受潛在損失。

While crypto-related insurance investments remain a tiny fraction of the sector, at 0.0068% of total industry exposure, certain regions would be more affected than others.

儘管與加密相關的保險投資仍然是該行業的一小部分，但佔行業總敞口的0.0068％，但某些地區將比其他地區受到更大的影響。

Luxembourg and Sweden hold the largest share of these investments, making up 69% and 21% of reported crypto exposures, respectively. Smaller holdings are found in Ireland, Denmark, and Liechtenstein, where insurers have some exposure through investment funds.

盧森堡和瑞典在這些投資中佔有最大的份額，分別佔報導的加密貨幣暴露量的69％和21％。在愛爾蘭，丹麥和列支敦士登（Liechtenstein）中發現了較小的持股，在那裡保險公司通過投資資金有一定的曝光率。

EIOPA emphasized that these stricter rules would not create significant financial burdens for policyholders.

EIOOPA強調，這些更嚴格的規則不會給保單持有人帶來巨大的財務負擔。

Instead, the regulator sees the measure as an essential safeguard against future risks, especially if digital assets gain a more prominent role in the insurance industry.

相反，監管機構將該措施視為抵禦未來風險的重要保護，尤其是在數字資產在保險行業中發揮更為突出作用的情況下。

The European Commission will now review the proposal and decide whether to implement the tougher capital requirements.

歐洲委員會現在將審查該提案，並決定是否實施更艱難的資本要求。