JPMorgan Chase plans to allow customers to use Bitcoin ETFs as collateral for loans "
According to Bloomberg, Wall Street giant JPMorgan Chase plans to allow its customers to use shares of crypto-ETF such as BlackRock iShares Bitcoin Trust as collateral for loans. People familiar with the matter told Bloomberg that the bank will also begin to take into account cryptocurrency holdings when assessing customers 'net assets and current assets. This means that cryptocurrencies will enjoy the same treatment as real estate and cars when assessing customers 'ability to repay loans.
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