Recently, I was working with a local credit union on approving a home mortgage and they needed to document that I had the funds for a down payment. When I mentioned that my funds are currently in crypto, and I could sell them and deposit it in my account, they were stumped on how to document it. I ended up pulling the funds out of my 401k loan instead, as it was easier for them to document, and then I paid off that loan with crypto.
It reminded me of my days in highschool where the teachers didn't like websites to be used for citing a source because there wasn't an MLA format for it.
I have no doubt banks will jump on board eventualy. We are all early adoptors!
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