TechFlow news — On January 21, according to Omar Faridi, stablecoin issuer Circle responded to the European Insurance and Occupational Pensions Authority (EIOPA)'s consultation paper on crypto assets, advocating for risk-based capital requirements instead of a one-size-fits-all approach.
Circle argued that a risk-based approach would foster innovation and enable insurers to explore the potential of blockchain technology and digital assets. Circle also emphasized the importance of classifying crypto assets to reflect their differing risk profiles.




