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Can cryptocurrency such as bitcoin be used for assets?

For the proceeds from a bitcoin or other digital currency exchange to be considered as an eligible asset, it must be converted to U.S. currency and deposited into an eligible asset account. All assets must be verified in accordance with B3-4.2-01, Verification of Deposits and Assets.

The source of a large deposit may be from bitcoins or another digital currency, provided there is documentation to show the funds coming from the digital currency account that was owned by the borrower. 

Ask Poli is an Artificial Intelligence powered search tool. While every effort has been made to ensure the reliability of the content in Ask Poli, Fannie Mae's Selling Guide and its updates, including Guide Announcements and Release Notes, are the official statements of Fannie Mae's policies and procedures, and should be complied with in the event of discrepancies between information provided by this service and the Guides.
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