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Recent Editions
Risk Channel
North America
Fannie Mae is set to accept crypto-backed mortgages for the first time through a new product launched by Better Home & Finance and Coinbase, allowing homebuyers to use cryptocurrencies such as bitcoin or USDC as collateral instead of selling assets for a cash down payment. The move marks a significant step toward mainstream adoption of crypto in housing finance, given Fannie Mae’s central role in the U.S. mortgage market. Under the structure, borrowers take out a traditional mortgage alongside a separate loan secured by their crypto holdings, which cannot be traded once pledged and may increase overall borrowing costs due to additional interest. The initiative aims to attract crypto investors seeking to preserve their holdings and avoid tax liabilities, although the product remains niche and carries risks linked to volatility and higher financing costs.
Full Issue
Risk Channel
UK/Europe
The European Union has agreed new customs rules allowing member states to fine online platforms that repeatedly import unsafe or non-compliant products, as part of efforts to curb a surge in low-value goods from China. Platforms breaching safety standards could face fines of up to 4% of annual import value, rising to 6% for repeat offences, lose fast-track customs privileges, or ultimately have their websites blocked. The reforms also remove duty exemptions for goods under €150 and introduce new levies on low-value imports, while requiring greater data reporting through a centralised EU customs authority from 2028. The measures aim to strengthen enforcement and address concerns that existing systems cannot cope with the volume of direct-to-consumer shipments, particularly from marketplaces such as Temu and Shein.
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