Bitcoin mortgage loans make their debut in Australia.

On July 18, according to Cointelegraph, as Australian housing prices continue to outpace income growth, a company has launched Bitcoin collateralized loans, providing a new way for holders of crypto assets to enter the real estate market without selling their assets. This Wednesday, Block Earner launched Australia's first Bitcoin collateralized home loan. Previously, the company had fought a legal battle with regulators for more than two years. The launch of this product is thanks to a ruling from the Federal Court in April this year, which determined that Block Earner's cryptocurrency lending products do not fall under the "financial product" category of the Corporations Act. This ruling means that the company does not need to hold a financial services license to accept Bitcoin as collateral for home loans. In this product, the borrower's crypto assets are held by the custodial platform Fireblocks. Bitcoin will serve as collateral, securing cash loans of up to 50% of the property value, and will be completed with a standard home loan financing structure.