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Reply to "Banks and lending on crypto-someone teach me "
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[quote=Anonymous]If I understand, OP is asking about the new rule that banks need to also consider crypto holdings in addition to the traditional financial assets of a borrower before making the loan. I confess I am not sure if thr rule is actually active now or just a proposal. But to me would just be another sign the US financial system is going down the drain. Crypto assets are extremely volatile and they can go from a lot to nothing, can be stolen and so on. If we start having banks making mortgage loans to birrowers based on assets that include something like crypto, we are going to end up in another major financial crisis. Happens when you elect president a criminal who only thinks about enriching himself and crypto is bribe paradise[/quote]
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