Peer-to-peer Lending

An impatient Indian investor class, largely driven by millennials, is leaping into riskier investments from peer-to-peer lending to cryptocurrencies in the hope of boosting returns rocked by one of the worst inflation rates in Asia.

Ether has jumped almost 500 per centagainst the dollar this year as the ethereum blockchain becomes more widely used by peer-to-peer - or decentralised - cryptocurrency platforms that enable crypto-denominated lending outside of traditional banking institutions.

Peter Wang was asleep at his home in Beijing last Monday when police officers arrived before dawn to detain him, saying he had helped organise a protest planned for later that day.

At most of the P2P platforms a borrower gets to know about an available lender on a virtual platform. If both the parties agree to a rate of interest and the amount to be disbursed, they can decide to enter into a contract.

Industry experts have hailed the RBI's draft paper on peer-to-peer (P2P) lending saying adequate regulation of this nascent industry can go a long way in changing the credit flow paradigm by facilitating sustainable fund flow to a large section of the unbanked sectors.

The RBI also proposed on Thursday that only those defined as companies engage in peer-to-peer lending and said it may categorise firms in the growing sector as non-banking financial companies.

The U.S. Securities and Exchange Commission has accused two Chinese citizens at a peer-to-peer lending platform of engaging in insider trading ahead of the announcement that two companies had agreed to be acquired by private equity firms.

The remarks were made in the context of peer-to-peer lending, a flourishing system of lending money to unrelated parties gaining popularity in the West, and crowd-funding which has already started in the country with platforms like Ketto, Wishberry and Start51 among others.

Developers are looking to online financing like peer-to-peer (P2P) lending and crowdfunding.

An impatient Indian investor class, largely driven by millennials, is leaping into riskier investments from peer-to-peer lending to cryptocurrencies in the hope of boosting returns rocked by one of the worst inflation rates in Asia.

Ether has jumped almost 500 per centagainst the dollar this year as the ethereum blockchain becomes more widely used by peer-to-peer - or decentralised - cryptocurrency platforms that enable crypto-denominated lending outside of traditional banking institutions.

Peter Wang was asleep at his home in Beijing last Monday when police officers arrived before dawn to detain him, saying he had helped organise a protest planned for later that day.

At most of the P2P platforms a borrower gets to know about an available lender on a virtual platform. If both the parties agree to a rate of interest and the amount to be disbursed, they can decide to enter into a contract.

Industry experts have hailed the RBI's draft paper on peer-to-peer (P2P) lending saying adequate regulation of this nascent industry can go a long way in changing the credit flow paradigm by facilitating sustainable fund flow to a large section of the unbanked sectors.

The RBI also proposed on Thursday that only those defined as companies engage in peer-to-peer lending and said it may categorise firms in the growing sector as non-banking financial companies.

The U.S. Securities and Exchange Commission has accused two Chinese citizens at a peer-to-peer lending platform of engaging in insider trading ahead of the announcement that two companies had agreed to be acquired by private equity firms.

The remarks were made in the context of peer-to-peer lending, a flourishing system of lending money to unrelated parties gaining popularity in the West, and crowd-funding which has already started in the country with platforms like Ketto, Wishberry and Start51 among others.

Developers are looking to online financing like peer-to-peer (P2P) lending and crowdfunding.