EIOPA's Bold Crypto Insurance Move

Hold onto your Lederhosen, folks! The European Union's insurance overlord, EIOPA, thinks it's fun to make life harder for insurers dabbling in crypto. The watchdog wants them to have funds equal to their crypto holdings. Why? Because crypto isn't your grandma's piggy bank; it's a rollercoaster—risky and volatile! Luxembourg and Sweden will feel this rule's pinch the hardest. It’s a refreshing take on 'better safe than sorry' — only if they don’t drown in their own bureaucratic soup first! How's that for some continental spice?