GM, watch what's happening.

"The agreed reform also ensures that the ECB can supervise banks’ crypto asset service provider units by adopting a wider definition of what should be included in its oversight. That move was requested last month by the ECB’s departing head of banking supervision, Andrea Enria, as a “matter of urgency.” The new remit comes as lenders are shedding their initial wariness toward crypto assets including Bitcoin, which was driven by the associated risks and potential for money laundering. Instead, many are now seeking to engage in custody and other related businesses for the asset class."