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?
Can you make money with P2P lending?
Sure, here's a question that simulates the tone of a querier with a word count of no more than 300: "Hey there, I've been hearing a lot about P2P lending recently and I'm curious - can you actually make money with it? I understand it's a way for borrowers to get loans directly from investors, bypassing traditional banks, but how does the earning process work for the lenders? Are there any risks involved, and how can I make sure I'm making smart investments? Any advice or insights you can share would be greatly appreciated!