source:
  type: guide
  id: fnma-sel-b3-4.1-04
  authority: Fannie Mae Selling Guide B3-4.1-04 — Virtual Currency
  description: Fannie Mae Selling Guide B3-4.1-04 — Virtual Currency.
  coverage_tier: operative
obligations:
- id: fnma-sel-b3-4.1-04-full
  canonical_id: fnma-sel-b3-4.1-04-full
  section: Fannie Mae Selling Guide B3-4.1-04 — Virtual Currency
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide B3-4.1-04 — Virtual Currency
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/selling-guide
    snapshot_id: 5f7b8b79da595d76
    fetched_at: '2026-05-25T14:09:57Z'
    content_hash: sha256:98cf85a02861bbe84914a0e339b327c8fc131869a8a573882007bbeea60c5701
    paragraph_quote: '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'
  judgment: false
