Statistical Reporting of Crypto Assets
At present, neither the General notes and definitionsOpens in a new window nor the Classification of accounts guideOpens in a new window 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 | ||
| Cash | BT21 / R0750 |
| 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 securities classified by sector/residence of issuer and by original maturity – other currencies | BT32 / R1430 |
| 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
A summary of all Statistical Notice items that are yet to come into effect are also available to view on the Statistical notices page. Statistical Notices should be received by all those responsible for the completion of Bank of England returns. To amend the circulation list please subscribe.
First, please LoginComment After ~