In 2020, South Korea had passed the first law in the world dedicated to digital lending, “The Marketplace Lending Act,” to regulate marketplace lenders, and protect P2P consumers. The law enables the licensed P2P lending startup to operate as an authorized financial institution to lend, raise capital from international and domestic institutions, and provide loan referral services to its customers.
Highlights :
Tags :
Digitial,
Lending,
South Korea,
PeopleFund,
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