Chinese Government Wants Stricter Regulation of P2P Lending

Financial news coming from China is always a mixed bag of good and bad news these days.The local government wants to limit peer-to-peer lending, which will undoubtedly have an impact on Bitcoin as well. China Cracks Down on P2P Finance It is not the first time the People’s Bank of China wants to tighten regulation of the financial sector, particularly when Bitcoin and peer-to-peer lending is concerned. Although the bank …
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