Today the Basel Committee on Banking Supervision published its latest monitoring report on banking risk exposures, including a section on crypto-assets that shows major regional differences. At the end of June 2022, the combined crypto exposures of 17 banks amounted to €2.9 billion, representing 30% growth and assets under custody €1 billion. Both figures show the tiny crypto penetration by banks.
While the custody figures appeared to decline from €3 billion at the end of 2021, €800 million is because two smaller European banks dropped out of the reporting and were specialist crypto banks.
Most banks have negligible exposures, with just five banks accounting for 97% of the €2.9 billion, and one of them makes up 62% of the figure. Eighty-five percent of the risk exposures are attributed to American banks.
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