Central Bank issues warning on crowdfunding
The Central Bank issued a release today warning consumers that crowdfunding is currently not a regulated activity, and is therefore a high-risk form of investment.
The Central Bank issued a release today warning consumers that crowdfunding, including peer-to-peer lending, is currently not a regulated activity, and is therefore a high-risk form of investment.
Crowdfunding is a way in which money can be raised from a large number of individuals or organisations to fund a business, project or loan through an online web-based platform.
As a result of the lack of regulation, certain protections do not apply to consumers of crowdfunding,...
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