欧盟监管机构推动对保险公司加密货币持有的更严格的资本规则

欧洲保险监管机构正在考虑一项艰巨的新要求，该要求将迫使保险公司以相等数量的资本支持其加密货币。

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.

欧洲保险监管机构正在推动对保险公司的加密持有的更严格的资本规则，旨在减轻数字资产的波动率带来的风险并确保财务稳定。

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.

欧洲保险和职业退休金局（EIOPA）在提交给欧洲委员会的报告中提出了几种调节保险公司加密货币的选择。

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.

监管机构强烈支持最激进的方法，这将要求公司假设加密货币投资可能会失去全部价值。这与传统资产（例如股票或房地产）形成鲜明对比，这些资产面临较低的资本要求。

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，加密货币将携带全部100％的资本费用。 EIOPA通过强调市场上的极端价格波动来捍卫这一立场。

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

来自的历史数据表明，像比特币和以太等主要加密货币遭受了巨大的损失，分别下降了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.

由于这种不可预测的性能，EIOPA认为，即使是80％的资本要求也可能不足以保护保险公司免受潜在损失。

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.

尽管与加密相关的保险投资仍然是该行业的一小部分，但占行业总敞口的0.0068％，但某些地区将比其他地区受到更大的影响。

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.

卢森堡和瑞典在这些投资中占有最大的份额，分别占报道的加密货币暴露量的69％和21％。在爱尔兰，丹麦和列支敦士登（Liechtenstein）中发现了较小的持股，在那里保险公司通过投资资金有一定的曝光率。

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

EIOOPA强调，这些更严格的规则不会给保单持有人带来巨大的财务负担。

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，监管机构将该措施视为抵御未来风险的重要保护，尤其是在数字资产在保险行业中发挥更为突出作用的情况下。

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

欧洲委员会现在将审查该提案，并决定是否实施更艰难的资本要求。