BIS reports a 66% reduction in cryptocurrencies held by banks in 2022
According to the report, the overall exposure of financial institutions to the risk associated with digital assets increased by 30%
06.03.2023 - 09:00
503
2 min
0
What’s new? According to a study by the Bank for International Settlements (BIS), financial institutions around the world have reduced the volume of cryptocurrency assets held from $3,19 billion in 2021 to $1,06 in 2022, Seeking Alpha reports. The drop coincided with a market downturn caused by a series of high-profile failures and bankruptcies, including blockchain ecosystem Terra in May and the FTX exchange in November.
What else does the publication report? Banks’ total exposure to the risk associated with cryptocurrencies rose by 30% from a year ago to $3,1 billion.
In February, the ECB urged banks to limit BTC ownership before global regulations took effect and to treat crypto assets as risky. And US banks began refusing to do business with crypto companies because of regulatory measures. Metropolitan Commercial Bank closes its crypto business, Signature Bank cut ties with the Binance exchange.
British banks tightened restrictions on retail customers’ access to cryptocurrencies, setting limits on purchases by debit cards and banning payments by credit cards.
Useful material?
Telegram 
Twitter Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Incidents
According to Blockaid, the attack may have been carried out by the same hacker behind the 1inch Fusion V1 exploit.
May 7, 2026
Incidents
The attacker gained administrative access and altered contracts to drain user funds
Apr 30, 2026
Cryptocurrency rates
-
Bitcoin
$65 286
BTC
-3.47%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.21
XRP
-1.5%
-
Dogecoin
$0.092257
DOGE
-2.41%
-
TRON
$0.160134
TRX
-1.59%
-
Zcash
$619.57
ZEC
+0.4%
-
Cardano
$0.203246
ADA
-6.35%
-
Stellar XLM
$0.212859
XLM
-4.26%
-
Polkadot
$3.32
DOT
+5.27%