Is the galloping of Crown Group a legal p to p platform?

The establishment of all P2P platforms is based on the following laws:

general rules of civil law

Article 85 A contract is an agreement between the parties to establish, change or terminate a civil relationship. Contracts established according to law are protected by law.

Article 90 Legal lending relationships are protected by law.

People's Republic of China (PRC) (China) Contract Law

Articles 6 1, 2 1 1, 424, 426, etc.

Some opinions on the trial of loan cases by people's courts

Six, the interest rate of private lending can be appropriately higher than the bank interest rate, the local people's courts can specifically grasp according to the actual situation in the region, but the maximum shall not exceed four times that of similar bank loans (including interest rates). Beyond this limit, the excess interest will not be protected.

These legal provisions restrict and prove the legitimacy of P2P platform. Therefore, Guanqun is a legitimate P2P platform.

On the other hand, the newly established Pratt & Whitney Finance Department of China Banking Regulatory Commission has not yet issued a regulatory policy on the P2P industry, so the P2P industry is still in a state of no regulatory rules.

Above.