Bitcoin is officially a mortgage asset in the United States

The Federal Housing Finance Agency (FHFA) announced last Friday, June 27, that bitcoin and other cryptocurrencies will be eligible for mortgage-backed securities, following President Donald Trump’s favorable stance toward digital currencies.

According to FHFA Chairman William J. Pulte, the decision aligns with “the nation’s housing policy and President Donald Trump’s vision of positioning the U.S. as the cryptocurrency capital of the world.”

Thus, the new assets will become part of the mortgage market, “as long as they are held in centralized, U.S.-regulated exchanges,” the agency stated.

In this regard, guidelines have been issued for the development of an implementation framework that will assess the potential value of cryptocurrencies and associated risks, such as high volatility, liquidity issues, and cybersecurity.

M.Pino

Source: cripto247

(Reference image source: Kanchanara on Unsplash)

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