P2P Lending in Asia appears a complete lot like Underground Banking

P2P Lending in Asia appears a complete lot like Underground Banking

The surge in failing platforms is proof that regulators need to a big degree did not make sure that P2P financing platforms are “information intermediaries” and never monetary intermediaries that carry and spread risk that is financial. Numerous alleged P2P platforms had been either frauds right away or operated as illegal banks that are underground. Continue reading “P2P Lending in Asia appears a complete lot like Underground Banking”