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Latest report by BIS: Global banks’ exposure to crypto is around 0.01% -- Yes, we are definitely early

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by COINS NEWS 124 Views

This is from the latest report by Bank for International Settlements (BIS). BIS is an international financial institution owned by central banks that "fosters international monetary and financial cooperation and serves as a bank for central banks".

Page 102:

Total cryptoasset exposures reported by banks amount to approximately €9.4 billion. In relative terms, these exposures make up only 0.14% of total exposures on a weighted average basis across the sample of banks reporting cryptoasset exposures.55 When considering the whole sample of banks included in the Basel III monitoring exercise (ie also those that do not report cryptoasset exposures), the amount shrinks to 0.01% of total exposures (Graph 2, left panel).

The full report can be found here: https://www.bis.org/bcbs/publ/d541.pdf

Worth the read.

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