- A first-of-its-kind study published by the Basel Committee on Banking Supervision details that the world’s largest financial institutions are exposed to roughly €9.4 billion (US$9 billion) in crypto assets.
- The BCBS is a global organization made up of members tied to the world’s central banks and financial institutions from a myriad of jurisdictions.
- Corrias notes that the banks represent a small group of financial institutions out of the collective 182 banks the BCBS considered for its Basel III monitoring exercise.
Basel Study Shows World’s Largest Banks Are Exposed to $9 Billion in Crypto Assets
