I sold some coin in December. I admit it. Dont worry still HODLing some.
I have jumped through tons of hoops, unrelated to bitcoin, while getting a traditional mortgage with PNC. They didn’t mention bitcoin as a concern at all during the entire process. Finally, after I make all the concessions they want, answer all of their questions, they admit they were throwing up these walls because some of the source of funds for the downpayment is bitcoin.
In the end they are now saying that no part of the funding for the downpayment or other factors for the mortgage can be sales related to bitcoin. All of the money is in the bank in savings account. The bank holding the money never touched any bitcoin exchange.
They say it doesn’t matter how long ago the sale was, etc.
As an anarcho capitalist, I think they "should" have this right to discriminate who they do business with based on anything that they would like.
However, is this sort of discrimination legal in the US currently? If not, who should I talk to?
Edit: I was able to afford the down payment before any bitcoin asset sales.
Edit: This comes from the President of the mortgage division at a top 6 largest US retail bank.
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