Banks around the world have held a total of 341.5 billion euros (368.3 billion dollars) in cryptographic assets in the second quarter of 2024, but punctual cryptographic assets now represent less than 3% of banks’ assets – decreasing significantly a few years ago, data by the Stranding Setter Basel Committed Banking supervision (BCBS) showed on Wednesday.
BCBS, which focuses on the definition of measures to guarantee the stability of banks, has gathered voluntary and confidential submissions of 176 banks – of which 115 are internationally active – in June 2024. The data showed that only 29 banks contributed to the crypto of 341.5 billion euros.
Global Watchdogs has kept an eye on how the financial sector is interconnected with the crypto after the collapse of cryptographic user -friendly banks as a Bank and Silicon Valley Banks signature in 2023. The BCBS also recommended that exposure to the occasional banks cryptography does not exceed 2% in December 2022.
Banks seem to follow this; Their exposure to Spot Crypto Holdings fell 44% between 2021 and 2022. Since the survey in June 2024, banks have almost not held crypto, at 2.46%, preferring negotiated products on the stock market. About 92.5% of banks’ assets are now in these more regulated products which follow the prices of cryptography, rather than the cryptographic assets themselves, said BCBS Survey.
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