Cryptocurrency In Mortgage Lending Standards Addressed By Freddie Mac

The primary danger to customers is that hackers try to steal non-public keys by way of malware or phishing attacks. Users who rely on cloud companies to store personal keys may be susceptible to large-scale data breaches. A cryptocurrency is a digital currency secured by encryption, because of which possibilities of actions corresponding to counterfeiting and double-spending taking place get close to impossible. Cryptocurrencies are distinctive in that they do not get issued by any central authority.

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