Basel Committee on Banking Supervision: World Banks’ Crypto Exposure is Over €9 billion

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An extensive study, recently published by Basel Committee on Banking Supervision (BCBS), international organisation counting central bankers from 27 countries and EU and aimed at setting regulatory and governance standards, revealed interesting figures in the field of banks’ cryptocurrency adoption.The research’s mission is to create a primary global standard on the “prudential treatment of banks’ [crypto asset] exposures.” Overall, 19 banks submitted their respective data – 10 from the Americas, seven from Europe and two from the rest of the world. 

“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”

Vast majority of crypto exposures include Bitcoin (31%), Ethereum (22%), Polkadot, XRP, Cardano Ada and a few more coins. 

“Cryptoasset exposures are distributed unevenly across reporting banks, with two banks making up more than half of overall cryptoasset exposures, and four more banks making up just below 40% of the remaining exposures”