Ninjastic
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Board Legal
Re: Is Bitfinex technically usury & illegal?
by
Mik
on 30/10/2013, 16:18:35 UTC
Quote from: Kazu on August 28, 2013, 12:57:12 AM
There are usury caps in Australia, UK, France, lots of countries.

I only list US because I know more details.

Obviously NOT in UK!
i.e. Payday loans APRs up to 5,853% (Wonga)

-> http://www.dailymail.co.uk/news/article-2347021/5-853--Wonga-annual-rate-Payday-firms-1-600-rise-leads-calls-tighter-regulation.html)