EnchantedPulse
Tue Oct 01 2024
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5 answers
927
What is an illegal interest rate?
Could you elaborate on what constitutes an illegal interest rate? Are there specific laws or regulations that dictate the maximum rate that can be charged for loans or credit products? How does one determine if an interest rate is considered unlawful? Are there penalties for lenders who charge above the legal limit, and if so, what are they? I'm interested in understanding the nuances of this topic and how it applies to various financial transactions.
KimonoGlory
Tue Oct 01 2024
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5 answers
1339
Is exchanging crypto illegal?
I've been hearing rumors that exchanging cryptocurrency is illegal. Can you clarify if this is true, and if so, under what circumstances? I'm particularly interested in knowing if there are any specific countries or regions where cryptocurrency trading is prohibited, and what penalties one might face if caught engaging in illegal activities related to cryptocurrency exchange.
DavidLee
Tue Oct 01 2024
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7 answers
1497
Are loan sharks illegal?
I'm curious, could you clarify for me whether loan sharks are indeed considered illegal? I've heard conflicting opinions on the matter, and I'm interested in understanding the legal standing of such lending practices. Do they fall outside of legal frameworks, or are there specific circumstances under which they might be permissible? I'd appreciate a concise yet comprehensive explanation to help me navigate this issue.
Giulia
Tue Oct 01 2024
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7 answers
1790
Why are CFDs illegal in the US?
Could you please elaborate on why Contracts for Difference (CFDs) are considered illegal in the United States? Are there any specific regulations or laws that prohibit their trading within the country? Are there any potential risks or concerns associated with CFDs that have led to their ban? Understanding the reasoning behind this decision would help me gain a clearer perspective on the matter.
mia_rose_lawyer
Tue Oct 01 2024
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5 answers
823
Is P2P lending illegal?
Could you please clarify the legality of P2P lending in various jurisdictions? Are there any specific regulations or laws that govern this type of lending, and do they differ from country to country? Are there any risks or potential legal consequences for borrowers and lenders who participate in P2P lending? Additionally, how do these regulations impact the growth and adoption of P2P lending platforms?
