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.

17th June, 2014
Central Bank: Certain protections do not apply to consumers of crowdfunding

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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