Crypto winter has led to a big drop in bank exposure to crypto says Basel's BIS. camomileshumba reports
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 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.
Not only has the crypto market experienced a severe crypto winter propelled by the collapse of large companies including
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