Crypto lenders dial up risk with ‘microfinance on steroids’
Digital asset price boom inspires new ventures making precarious loans despite painful wipeout three years ago
Digital asset price boom inspires new ventures making precarious loans despite painful wipeout three years ago

For some observers, the rapid rise of this asset class invites unsettling historical comparisons

Growth raises concerns about underwriting and risk management at fast-expanding groups

The sector remains untested in a severe or prolonged economic downturn

Regulators and bankers are sounding the alarm about an explosion in privately-rated securities

They are no substitute for money, even if usage is growing fast

A shift towards debt raises the potential fallout from the data centre spending spree