Bitcoin Mortgage Loan Makes Debut in Australia
BlockBeats News, July 18th, according to Cointelegraph's report, as Australian housing prices continue to outpace income growth, a company has launched a Bitcoin-backed mortgage, providing a new way for cryptocurrency holders to enter the real estate market without selling their assets.
This Wednesday, Block Earner unveiled Australia's first Bitcoin-backed home loan. Previously, the company had persisted in a legal battle with regulators for over two years. The launch of this product was made possible by an April ruling by the Federal Court, which determined that Block Earner's cryptocurrency lending product did not fall under the definition of a "financial product" under the Corporations Act.
This ruling means that the company can accept Bitcoin as collateral in mortgage transactions without holding a financial services license.
In this product, the borrower's crypto assets are held in custody by the Fireblocks platform. Bitcoin is used as collateral to secure cash loans of up to 50% of the property value, complemented by a standard mortgage structure to complete the financing.
Potrebbe interessarti anche
Chi ha guadagnato
Ultime notizie crypto
Whale "pension-usdt.eth" ieri ha visto la sua posizione long di ETH scendere sotto il prezzo medio, con una dimensione della posizione che ha raggiunto i 56 milioni di dollari.
Dark Pool DEX Umidità per il lancio di ICO, leader nel volume di trading tra i DEX dell'ecosistema Solana
「Bankrupt」 trader James Wynn ha aperto una nuova posizione long BTC con leva 40x. La scorsa settimana ha previsto che BTC scenderà a 67.000$ entro la settimana.
Protocollo DeFi Zoo Finance ha annunciato il completamento di un round strategico di raccolta fondi da 8 milioni di dollari.
Jiangnan Technology si allea con SynVista per lanciare AI Green Mining Platform
Assistenza clienti:@weikecs
Cooperazione aziendale:@weikecs
Trading quantitativo e MM:[email protected]
Servizi VIP:[email protected]