Banks around the world had a total of 341.5 billion euros ($ 368.3 billion) in cryptographic assets in custody in the second quarter of 2024, but spot cryptographic assets now represent less than 3% of the benches of the banks, significantly for a few years, the data of the Setter Basel Setter Committee in Basel Setter Committee (BCBS) They showed Wednesday.
BCBS, which focuses on establishing measures to guarantee the stability of the banks, gathering voluntary and confidential presentations of 176 banks, of which 115 are internationally active, in June 2024. The data showed that only 29 banks contributed to the figure of 341.5 billion euro, and most of the retention products of the majority made by the majority of the products raised over the products.
The global vigilantes have been closely watching how interconnected the financial sector is with cryptography after the collapse of cryptographic banks such as Signature Bank and Silicon Valley Banks in 2023. BCB also recommended that exposure to the crypto of the banks do not exceed 2% in December 2022.
Banks seem to be following this; Its exposure to Spot Crypto Holdings fell 44% between 2021 and 2022. From the June 2024 survey, banks almost did not have cryptography, with 2.46%, instead preferred products quoted in the stock market. Around 92.5% of banks are now in these regulated products that track cryptocurrency prices, instead of cryptographic assets themselves, according to the BCBS survey.
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