Cryptocurrency Q&A Are loan sharks illegal?

Are loan sharks illegal?

DavidLee Tue Oct 01 2024 | 7 answers 1497

I'm curious, could you clarify for me whether loan sharks are indeed considered illegal? I've heard conflicting opinions on the matter, and I'm interested in understanding the legal standing of such lending practices. Do they fall outside of legal frameworks, or are there specific circumstances under which they might be permissible? I'd appreciate a concise yet comprehensive explanation to help me navigate this issue. Are loan sharks illegal?

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