Regulatory Pressure Forces BitLendingClub to Close

[Jimmy2Times]

Bitcoin-based P2P loans company BitLendingClub has officially announced its closing operations. The startup announced its departure via its blog, stating “regulatory pressures” forced the decision.

https://news.bitcoin.com/regulatory-forces-bitlendingclub-close/

[Milkduds]

Tired of reporting this member who farms multiple accounts for posting in the wrong forum.
He can not write good English but has found a gray area to not get in trouble. Issue is he never comes back to respond od discuss. Does not care that this is being discussed already in another thread and is the cause of a lot of spam.
Often you can find the stories in press and it creates more clutter.
If he did this on one account it would not be a big deal but there is at least two other members that use the same tactic. Between the three members they have who knows how many accounts they have!
Would be nice to get this dealt with or at least contained.

Sorry for the rant, its been bugging me for a well now.

[panju1]

Wonder how other companies are coping with this 'regulatory pressure'. BTCJam and BitBig are still functional. I think it is more to do with companies being subject to the same KYC/AML norms like the usual finance companies, and finding that this results in higher costs.

[BrewMaster]

i say this is mostly nonsense and had nothing to do with regulation. their business must have been crap and they were looking for an excuse to get out of it!

i have never heard the name and there are already better places!

[tedyx]

i say this is mostly nonsense and had nothing to do with regulation. their business must have been crap and they were looking for an excuse to get out of it!

i have never heard the name and there are already better places!

Never heard the name? It was leading p2p lending platform, Loanbase. Ever heard of that?