The 28 countries of the European Union are a very long way from offering a homogeneous regulation environment for crowdfunding. This is particularly true of equity crowdfunding which touches on multiple heavily regulated areas of finance such as investment advice, securities trading, retail banking and corporate finance.
Few European countries have, like France, issued new regulations that are specific to investment crowdfunding. Most have, like Germany and the UK, rather tried to fit crowdfunding into the existing legal framework of capital investment and granted exemptions such as...
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