Statistical Notice 2024/01

Statistical Notices update the definitions and guidance contained in the Banking Statistics Yellow Folder

Published on 23 January 2024

Statistical Reporting of Crypto Assets

At present, neither the General notes and definitions nor the Classification of accounts guide provide any guidance on the statistical reporting of crypto assets. The on-going review of international statistical standards will ultimately provide guidance on how to record these items for statistical reporting which in turn will most likely require changes to current statistical requirements. In the meantime, please adopt the following guidance for statistical reporting of crypto assets.

Nature of asset	Interim guidance	BT equivalent item
Crypto assets designed to act as a general medium of exchange with a corresponding liability
Issued by a monetary authority (i.e. central bank digital currencies)	Cash	BT21 / R0750
Not issued by a monetary authority (i.e. stablecoins)	Loans – other currencies	BT29 / R1140
Crypto assets that only act as a medium of exchange within a platform or network (i.e., payment tokens) with a corresponding liability	Debt securities classified by sector/residence of issuer and by original maturity – other currencies	BT32 / R1430
Security crypto assets (which always have a counterpart liability)
Debt security crypto assets (and utility tokens)	Debt securities classified by sector/residence of issuer and by original maturity – other currencies	BT32 / R1430
Equity crypto assets	Equity securities classified by sector/residence of issuer – other currencies	BT32 / R1430
Derivative crypto asset	Derivatives – other currencies (Also include any derivative contracts that rely on cryptography and that can be exchanged peer-to-peer even if the underlying asset is not a crypto asset.)	BT19B / R0520
Crypto assets acting as a store of value without corresponding liability (e.g. Bitcoin)	Other assets – of which: Fixed assets, commodities owned etc. - other currencies	BT35B / R1720

Should you have any queries regarding the above statistical guidance, please contact the BEEDS helpdesk via email BEEDSqueries@bankofengland.co.uk.

Footnote

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