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Posted by
Two Blokes Jun 26 -
Filed in
Crypto
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The U.S. Federal Housing Finance Agency (FHFA) has instructed Fannie Mae and Freddie Mac to draft proposals allowing cryptocurrency to be counted as part of mortgage risk assessmentsa pivotal move toward mainstream crypto adoption. Under the new directive, crypto assets such as Bitcoin can be recognized as part of a borrowers reserves without needing to convert them into U.S. dollars.
