Bitcoin-Backed Mortgages Launch in Australia Amid Housing Crisis

Bitcoin-Backed Mortgages Launch in Australia Amid Housing Crisis

Amid rising property prices and tightening credit conditions, Australian fintech Block Earner has introduced the nation’s first Bitcoin-backed mortgage—a financial innovation poised to reshape traditional home lending. The launch follows a pivotal ruling by Australia’s Federal Court in April, which determined that Block Earner’s crypto-collateralized products do not fall under the definition of “financial products” as outlined in the Corporation...

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