“The BCBS standard is not yet legally binding pending its transposition in the European Union,” said a newsletter from the ECB, which is responsible for directly supervising the largest banks in the currency bloc. “However, should banks wish to engage in this market, they are expected to comply with the standard and take it into account in their business and capital planning.”
Source: https://www.coindesk.com/policy/2023/02/15/eu-banks-told-by-regulator-to-apply-bitcoin-caps-even-before-they-become-law/?utm_medium=referral&utm_source=rss&utm_campaign=headlines