Big Banks Haven’t Warmed to Crypto. Here’s Why.

Posted on AllSides October 2nd, 2022
From The Center
Dreamstime
ANALYSIS

Crypto might have captured the imaginations of retail investors, venture capitalists, and start-up founders, but for now, the largest financial institutions are giving it a pass.

A report released Friday by the Basel Committee on Banking Supervision found that the largest banks’ crypto exposure was worth only about 9.4 billion euros ($9.2 billion) or about 0.01% of the total exposures that banks must account for when determining capital requirements. Just two banks, which the report didn’t identify, made up 40% of the total.

The sharp rise of token prices over...

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https://www.marketwatch.com/articles/big-banks-crypto-report-51664558416

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