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No Bullshit Bitcoin 2y ago

Unchained to Pause Bitcoin Backed Loans to Individuals

"Due to external requirements, new loan originations to individual borrowers will be paused beginning January 1, 2024. We will continue originating new loans for legal entities such as LLCs or corporations after January 1 for business or investment purposes."

https://www.nobsbitcoin.com/unchained-to-stop-offering-bitcoin-backed-loans-to-individuals/

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Discussion

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Habanero 2y ago

What's up with that?

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paulo 2y ago

Interesting development 🤔

3d
sms 2y ago

Spreading freedom… #LandOfTheFree

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Mr. Sat Stacker 2y ago

Maybe viewed by regulators as too risky for retail. Maybe only accredited investors. Business purpose over personal is telling.

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Hazey 2y ago

How can it be risky? The collateral is 250%. It is purely an attack on Bitcoin, nothing more.

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Mr. Sat Stacker 2y ago

I'd rater max out a cc (non recourse) than risk losing my bitcoin.