Bitcoin-backed mortgages coming to Canada, but borrowers may not grasp the risks

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A new type of mortgage that uses bitcoin as collateral is set to be offered in Canada. Prospective borrowers could face liquidation of their crypto holdings if bitcoin's price falls. The lender APX has said that property and crypto collateral will be treated separately under these arrangements. Reporting suggests many borrowers may not fully understand the costs and exposure involved. The article is based on a CoinDesk report and the source text provided is brief.

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