๐บ๐ธ New: The Federal Housing Agency begins studying the impact of cryptocurrency ownership on mortgage eligibility!
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๐๏ธ Relevant authority:
โ Federal Housing Finance Agency (FHFA)
โ Led by the new director Bill Bolte, known for his support and investment in Bitcoin
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๐ What will be studied?
โ How cryptocurrencies can be considered among the eligible assets for mortgage loans
โ Assessing the role of Bitcoin and cryptocurrencies as part of personal financial solvency
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๐ Why is this important?
โ A step towards integrating digital assets into the traditional financial system
โ Could enable crypto holders to leverage their assets without converting them to cash
โ Represents a radical shift in how institutions deal with Bitcoin
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๐ Is this the beginning of a new phase?
โ With this idea being officially adopted, we may soon see new credit standards that take crypto into account
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โDo you think accounting for crypto in financing eligibility will increase the legitimacy of digital currencies globally?
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