A propos of this, reminder: on Jan 1, 2025, all the BIS member central banks of the world will be legally allowed to hold up to 2% of their reserves in crypto (basically BTC and probably ETH).

This is not speculation, but an official announcement by the Bank for International Settlments (BIS). From the horse's mouth: https://www.bis.org/bcbs/publ/d545.htm

nostr:note1xhsyvhss37tms6prl8rqwu5q876hqvy6ww4vgu7ke0uve077l8jsrja70w

Reply to this note

Please Login to reply.

Discussion

Includes stable coins too by the looks of it

Stablecoins and things like tokenized stocks and bonds are considered as "backed" and classified as "Group 1" cryptoassets by the BIS. As such, there are no limits to their exposure to these, as long as they satisfy a series of conditions.

The 2% limit (and "1% exposure" recommendation) applies to "Group 2" cryptoassets, which they say are "not backed" by anything, and include BTC.

Both groups are actually further divided in "a" and "b" subgroups, and it gets technical, but the criteria are clearly spelled out in the document and other related documents by the BIS.

Thanks for the explanation