[2016-05-22] Chinese Government Wants Stricter Regulation of P2P Lending

[jdebunt]

Ever since peer-to-peer lending became available in China – either through traditional finance or Bitcoin companies – the market has grown exponentially over the past few years. At the time of publication, this market is worth between US$20bn and US$40bn. However, this growth also brought some fraudulent offers to the table, which had to be weeded out quickly.

http://themerkle.com/chinese-government-wants-stricter-regulation-of-p2p-lending/