My Fari and Faridy Mac account for encryption as assets in assessing the risk of mortgage

The government -sponsored institutions (GSES) will start for Franchy and Frevi Mac soon in the calculation of encrypted currencies as assets in their risk assessments of a single family home loans, which represents a big step towards the prevailing acceptance of digital assets under US President Donald Trump’s administration.

The direction was issued on Wednesday by William J. Polly, the current director of the Federal Housing Agency (FHFA), which regulates both GSes.

FHFA supervised Fannie and Faridy Mac since 2008, when both institutions were placed under the supervision of the government in the wake of the financial crisis.

Polly said Decision includes cryptocurrencies As part of the real estate mortgage risk assessment, it came “after a big study” and corresponds to President Trump’s goal to make the United States Global Capital for encryption.

The decision means that encrypted currencies will be considered one of the reserve assets of loan borrowers without the need to convert these assets into US dollars, as was the case before.

Fanny and Faridy Mac has played an important role in the United States’ housing market since the sub -mortgage crisis, providing liquidity and stability by buying mortgages from lenders, enabling lenders to issue more loans.

Related to: The mortgage organizer in the United States is considered bitcoin amid the housing crisis

The encryption is gained as a major guarantee in the United States

The decision to recognize encrypted currencies as a guarantee in the mortgage process reflects the growing prevailing acceptance of digital assets in the United States.

like It was mentioned by CointelegraphJPMorgan plans to allow the selection of wealth management customers using encryption products, such as Bitcoin (BTC(ETFS) funds, as a guarantee of financing.

In a separate development, Circle’s USDC (USDCStablecoin has been set to become Consumer guarantees for futures trading Starting next year, through a joint initiative by Coinbase and Clearinghouse Clearing Clearing Clear derivatives.

Despite its presence, there is already a market for Mortgage loans supported from encryptionWhich allows the encryption holders to use bitcoin and ether (Eth) To finance real estate transactions.

MAURICIO DI Bartolomeo, co -founder of Bitcoin Ledn lending platform, Cointelegraph said Many bitcoin holders used their digital assets as a guarantee to buy real estate, without selling any of their property.

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