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| Author | Interest rates |
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Are there any rules (explicit or implicit) that bound interest rates?
If not, wouldn't this enable all players, who can offer loans, to bypass the transfer rules? | 3.21. Any banking business or bookmaker activity is prohibited without gaining the appropriate license from Administration.
Banking business - granting loans with interest, receiving money from other players on deposit accounts or any other bank operations.
Bookmaker activity - taking bets on sports or other events with paying the winnings in money's worth. | | I was referring to this paragraph. As I understand it, you have to acquire this license once and then you can offer loans with any interest rate you like, right? | | I think you have to specify your future interest rate when you aply for the licence. Don't know for sure though. |
This topic is long since last update and considered obsolete for further discussions.
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