BitLendingClub to Close Its Doors: Regulations Cited As Cause

Leading Bitcoin based p2p lending platform BitLendingClub is going to close its doors. In an announcement sent out to all lenders and borrowers this morning, the company said that ‘regulatory pressures’ made operating the company no longer feasible. The specific regulations are not stated although its likely that its related to FinCEN and the MSB … Read more