I’ve been looking at how the laws are evolving, and a thought occurred to me: Could crypto loans soon become legal in Ukraine? After all, they’re offering loans there at very high interest rates, and people are taking them out more and more... The laws in Ukraine are changing almost every day, and there’s constant talk about the need to legalize cryptocurrency. And if it’s legalized, then crypto loans will also become “legal.” I think that in that case, the companies providing them will end up in court.
And it’s a real rip-off: you borrow 500 USDT, and a month later you already have to pay back 2,500 USDT.
I don’t know who stands to gain from taking them… Even on an exchange, starting with 500 bucks, it’s far from certain you’ll be able to make at least 2,500 in a month to pay it back.
But anyway, these are just some thoughts on the topic. I invite you to join the discussion.