Fannie Mae Selling Guide B3-4.1-04 — Virtual Currency
Fannie Mae Selling Guide B3-4.1-04 — Virtual Currency.
Verbatim regulatory text
Verbatim provisions from Fannie Mae Selling Guide B3-4.1-04 — Virtual Currency — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
Fannie Mae Selling Guide B3-4.1-04 — Virtual Currency
B3-4.1-04, Virtual Currency (05/04/2022) Introduction This topic contains information on the use of virtual currency, such as cryptocurrencies, as part of the asset assessment process. Virtual Currency Virtual Currency Virtual currency that has been exchanged into U.S. dollars is acceptable for the down payment, closing costs, and financial reserves provided the following requirements are met: there is documented evidence that the virtual currency has been exchanged into U.S. dollars and is held in a U.S. or state regulated financial institution, and the funds are verified in U.S. dollars prior to the loan closing. A large deposit may be from virtual currency that was exchanged into U.S. dollars. The lender must obtain sufficient documentation to verify the funds originated from the borrower's virtual currency account. Virtual currency may not be used for the deposit on the sales contract (earnest money) for the purchase of the subject property. Recent Related Announcements The table below provides references to recently issued Announcements that are related to this topic Published May 6, 2026 412 Announcements Issue Dates Announcement SEL-2022-04 May 04, 2022 Section B3-4.2, Verification of Depository Assets