Of this roughly $700 trillion, about $685 trillion is taken into account an “onshore” asset – that’s, they’re held by individuals and entities which are formally and accountably residents within the nations during which they function or exist. Estimates by the Group for Financial Cooperation and Growth (OECD) put all of the offshore belongings at round $12 trillion. That’s some huge cash, however within the context of world belongings, it’s a drop within the ocean, lower than 2% of the overall. Proper now, that 2% is comparatively flippantly, or under no circumstances regulated and a good chunk of that’s cryptocurrencies.
