“Global Banks Held $ 367 Billion in Crypto Assets Under Custody in Q2 Last Year, Data From The Basel Committe on Banking Supervision Showed.”, – WRITE: www.coindesk.com
BCBS, WHICH FOCUSES ON SETING MEASURES TO ENSURE OF BANKS, GATHERED VOLUMTARY AND CONFIDENTIAL SUBMISSIONS FROM 176 BANKS 29 Banks Contributed to the 341.5 Billion Europe Figure, and the Vast Majority Hold Exchange-Traded Products Tracking Crypto Over Cryptocurrencies.
Global Watchdogs Have Been Keeping A CLOSE EYE ON How Interlinked The Financial Sector Is With Crypto Following the Collapse of Crypto-Friends. The bcbs also recommended that banks’ Spot Crypto Exposure Should not exceed 2% in December 2022.
Banks appetar to be following through this; Their Exposure to Spot Crypto Holdings Fell 44% Between 2021 to 2022. As of the June 2024 Survey, Banks Held Almost No Spot Crypto, AT 2.46%, Insthead Preferring Exchanger. About 92.5% of Banks’ Holdings Are Now in thesee More Regulated Products Tracing Crypto Prices, Racher Than Crypto Assets Themselves, The BCBS Survey Showed.
Read More: Blackrock to List Bitcoin Etp in First Crypto Fare Outside of US
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