Share this article
Certain Banks' Crypto Exposure Dropped by 44% Globally in 2022 From Previous Year: BIS
The Basel Committee on Banking Supervision endorsed in December rules that a bank's exposure to certain cryptocurrencies must not exceed 2%.
Updated Feb 28, 2023, 4:51 p.m. Published Feb 28, 2023, 4:38 p.m.
Banks across the globe lowered their exposure to certain cryptocurrencies by 43.6% over the past year, the Bank for International Settlements (BIS) said Tuesday.
Total exposure to cryptocurrencies – both to cryptos directly and via derivative exposure – dropped from 61.7% in 2021 to 15.4% in 2022, a report by the BIS Basel Committee on Banking Supervision (BCBS) showed. The change in banks' crypto exposure was mostly due to fewer banks responding to the BIS survey but also other factors like market conditions and banks reducing their exposure possibly due to the BCBS’ global crypto banking rules, the report said. The sample of banks that got involved went down from 182 banks to 126 banks.
STORY CONTINUES BELOW
Not only has the crypto market experienced a severe crypto winter propelled by the collapse of large companies including crypto lender Celsius Network and crypto exchange FTX, which has led to millions being wiped out of the crypto market in a year, but regulators have also tightened their supervision, which has encouraged a contraction in crypto activity.
The BCBS, which sets global rules for banks, endorsed in December rules that a bank's exposure to certain cryptocurrencies must not exceed 2%. The committee also suggested that crypto holdings should be capped in June earlier that year.
The deadline to implement the crypto banking rules proposed by the BCBS is 2025, but this data suggests banks are already taking action.
Looking at total exposure in the Basel III monitoring exercise the share of crypto exposure “shrinks to 0.003% and 0.001% of total exposures, respectively,” the report said.
Read more: Basel Committee Endorses Global Crypto Banking Rules to Be Implemented by 2025
Más para ti
Lo que debes saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Más para ti
Canadian Province Wins Forfeiture of $1M QuadrigaCX Co-Founder's Cash, Gold via Default Judgment
The ruling transfers cash, gold bars, watches, and jewelry seized from a CIBC safety deposit box and bank account into government hands after Patryn did not defend the case.
Lo que debes saber:
- The Supreme Court of British Columbia has forfeited $1 million in cash and gold tied to QuadrigaCX's co-founder, Michael Patryn, to the government.
- Patryn did not contest the forfeiture, which involved 45 gold bars, luxury watches, and over $250,000 in cash seized under an Unexplained Wealth Order.
- The forfeiture may lead to a process determining if any assets can be directed to QuadrigaCX's creditors, who received 13 cents on the dollar in the bankruptcy settlement.
Top Stories
