CROWDFUNDING's POPULARITY IS WAKING GOVERNMENTS.

While the number of crowdfunding platforms is constantly increasing in all countries, the regulatory framework is expanding. Fin-Tech is growing fast and governments are following in several countries. While the Australian Securities & Investments Commission already
proposes a legal framework for crowdfunding, Morocco for example, has just determined its own. Morocco has limited the amount of funds collected in any one campaign to $700,000, meanwhile China, the market leader, is tightening its rules.

Indeed, the middle empire - the largest P2P industry in the world- tightens regulatory vice. This change has resulted to the collapse of two major platforms Yilongcaifu and Xzgjf and has led new investigation by Chinese authorities.

In France, the draft law PACTE envisage to make the saving plan action (PEA) eligible to the new crowdfunding instruments: equity and debt crowdfunding. The aim is to arouse the interest of savers and help small businesses in their search for funds.
Tunisia is also following this path by proposing a crowdfunding bill especially accessible to small businesses. This bill is part of the search for an alternative method of financing to that provided by banks, and which would allow to support the proper development of small businesses.

India goes even further, indeed the Congress has decided to crowdfund its new office building in the Capital. A welcoming idea to avoid corruption, specially in this country, through transparent collections from a mass of individuals.

Innovation and new technologies are fast, however some governments are keeping up with the pace.

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19/07/2018