Digital Transformation Law Draft Would Allow Users to Pay Mortgages With Cryp...
A new proposal of a digital transformation law, written by a group of lawmakers in Spain would introduce the possibility of paying mortgages with cryptocurrency. The law draft also gives different incentives for companies and organizations using and developing solutions using these technologies, including tax cuts. Banks are also included in the regulation, and the draft includes the use of smart contracts for managing some processes in these organizations. Spain Would Include Crypto in Its Mortgage System A new draft of a digital transformation law, presented by a group of lawmakers from....
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The draft bill intends to allow property owners to pay mortgages with crypto and authorize the real estate sector to use their own crypto for mortgage purchases in Spain. Spanish lawmakers are backing a new legal initiative to legitimize the cryptocurrency and blockchain industry by proposing a new bill on digital transformation.The new draft bill was introduced by Spanish political party the People’s Party (PP). It aims to drive innovation in multiple industries through regulating emerging technologies such as blockchain and artificial intelligence and cryptocurrencies like Bitcoin....
Fannie Mae will soon allow mortgages backed by cryptocurrency holdings, a significant shift that reflects growing regulatory clarity in the United States and opens a path for digital-asset holders to use nontraditional wealth as part of the homebuying process. Crypto Down Payment Options For Fannie Mortgages On Thursday, Better Home & Finance and Coinbase announced […]
Bitcoin as an asset is a perfect form of collateral and will likely be used to provide financial backing for mortgages and other forms of debt.
The Israeli Tax Authority (ITA) recently published a draft clarifying its stance on digital currencies including bitcoin for the first time. Bitcoin.com examines the legality of the draft and its effects on the Israeli Bitcoin community. The Draft is Not Yet Law. The draft published by the ITA earlier this month states that digital currencies should be....
If there's an industry that cries out for the efficiencies and data integrity that blockchain tech promises, it's undoubtedly the US residential mortgage business. First off, there's the size of the business. At last count, according to the Federal Reserve, there were about $10tn-worth of residential mortgages outstanding, with about $2tn in new loans being originated in a good year. Then, there's the amount of data – most of it sensitive – that goes into and supports every loan. "A mortgage application requires hundreds of documents and very sensitive data," Leo Loomie, senior....