I cannot comment on other states, but in Ohio I do not believe it would be permitted.  As Jeanine Johnson said - it would likely violate our "good funds law," also.  It depends on how far one was willing to stretch the definition of "funds."  

Personally, I would not accept cryptocurrency. 

If you want to look into this further - I would start with the good funds law in your state.  And, I'd recommend a lengthy discussion with your underwriter, also.  In Ohio, we have closing protection coverage for losses related to escrow issues - this might fall into that category if something went wrong. 

Best,
Robert A. Franco
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