Licensees: What You Need to Know About Cryptocurrencies and Real Estate
In a typical real estate transaction, funds are held in a trust account. But with cryptocurrencies, brokerages are not able to hold them in trust. A third party needs to hold them, which introduces increased risk.
Read more from the BCFSA: Know the Risks: Holding a Cryptocurrency Deposit in Trust Requires a Third Party
Original Article: https://www.bcfsa.ca/about-us/news/news-release/licensees-what-you-need-know-about-cryptocurrencies-and-real-estate
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