The regulator of the United States' largest mortgage provider has ordered that cryptocurrencies be listed as mortgage assets.

In a landmark shift for the U.S. housing finance system, the Federal Housing Finance Agency has issued a directive ordering Fannie Mae and Freddie Mac to formally consider cryptocurrency as an asset i

According to an announcement made on Monday by its new director, Bill Pulte, the US Federal Housing Finance Agency (FHFA) will begin a formal review of how crypto holdings could be factored into mortgage qualification processes.