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A comment on UK regulator clamps down on Binance. Parent comment

Re:UK regulator clamps down on Binance by Symbiote on Monday June 28, 2021 @04:47AM (#27659454)
Look at something like https://cashasap.co.uk/

"WARNING: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk"

"Representative Example: £250 loan for 3 months at a fixed interest rate of 290% pa. Total amount payable is £321.51"

Or at https://www.ig.com/uk/spread-betting

"71% of retail investor accounts lose money when trading spread bets and CFDs with this provider."

Or even https://www.vanguardinvestor.co.uk/investing-explained/inves...

"Please remember that the value of investments can go down as well as up and you may get back less than you invest."

It's the opinion of British society that citizens _do_ need to be protected in this way.

[ Parent | on HN ]
Re:UK regulator clamps down on Binance by celticninja on Monday June 28, 2021 @05:47AM (#27659778)
> It's the opinion of British society that citizens _do_ need to be protected in this way.

I would replace 'protected' with 'warned'. You can still do it but as long as you have been informed correctly beforehand then you are taking a risk with the knowledge it could go tits up.

[ Parent | on HN ]