The Bitcoin Lenders’ Bill of Rights

  The 3 largest Bitcoin based lending sites: BTCJam, BitLendingClub aka Loanbase, and Bitbonds, combined originate around $1.5 million worth of Bitcoin based loans per month. While this number is small, the industry is fast growing and is an important part of developing the Bitcoin ecosystem as a whole as lending/investing alternatives for Bitcoin operating … Read more

The MSB: Why I Don’t Lend to US LBC traders and you shouldn’t either

  MSB is the shorthand for a money service business. In the US, MSBs are overseen by FINCEN (the Financial Crimes Enforcement Network), which is a part of the US Dept of Treasury. FINCEN’s primary goal is to take the lead in anti money laundering (AML) efforts and enforcement. MSBs have a 2nd level of … Read more

Subscriber Question Answered: Does This P2P Example Work Around SEC requirements?

Today I’m continuing my Subscriber Questions Answered segment and going international. Today’s question is from Johnny, one of my Canadian subscribers, eh? Johnny has a great question. I LOVE answering questions from my subscribers so please feel free to comment here or email me any questions you have. Today’s Question from Johnny: Why haven’t any of … Read more

The Fitch P2P Lending Report: 5 Things They Got Right and 3 Things They Got Wrong

The Fitch ratings agency, who along with Standard & Poor’s are the 2 largest US based ratings agencies just released their first report on Peer to Peer Lending. While the report is based on the lending platforms themselves, you can’t have a report on the platforms without examining the industry in which they operate. This … Read more