Deutsche Bank partners with MAS for Project Guardian to investigate asset tokenisation opportunities in Singapore – Fintech Singapore

Deutsche Bank, one of the world’s leading financial institutions, has recently announced a partnership with the Monetary Authority of Singapore...

Deutsche Bank, one of the largest financial institutions in the world, has recently announced a partnership with the Monetary Authority...

Deutsche Bank, one of the world’s leading financial institutions, has recently announced a partnership with the Monetary Authority of Singapore...

In today’s digital age, the rise of deepfake technology has posed a significant threat to the authenticity and security of...

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In a recent episode of DigFin VOX, Ned Phillips, the CEO and founder of Bambu, shared valuable insights and lessons...

In a recent episode of DigFin VOX, Ned Phillips, the CEO and founder of Bambu, shared some valuable insights on...

Fintech Singapore, a leading source of news and insights on financial technology, recently reported on the projected growth of embedded...

Fintech Singapore, a leading source of financial technology news and analysis, has recently reported on the projected growth of embedded...

Fintech Singapore recently reported on the projected growth of embedded insurance in Australia, with experts predicting that this innovative approach...

Fintech Singapore, a leading source of financial technology news and analysis, has recently reported that the embedded insurance market in...

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Tokenization on shared ledgers is a revolutionary technology that has the potential to transform the way banks operate. By digitizing...

Tokenization is a process that converts rights to an asset into a digital token on a blockchain. This technology has...

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As we enter the second half of 2024, the cryptocurrency market continues to be a hot topic of discussion among...

As we enter the second half of 2024, the cryptocurrency market continues to be a hot topic of discussion among...

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As we enter the second half of 2024, the cryptocurrency market continues to evolve and expand, with new projects and...

The ECSPR Approves 30 Crowdfunding Platforms, Indicating Continued Growth of Crowdfunding in the EU

The European Crowdfunding Service Provider Regulation (ECSPR) has recently approved 30 crowdfunding platforms, indicating the continued growth of crowdfunding in the European Union (EU). This is a significant development for the crowdfunding industry, as it provides a regulatory framework for crowdfunding platforms to operate within the EU.

Crowdfunding is a method of raising funds for a project or venture by soliciting small contributions from a large number of people, typically via the internet. Crowdfunding has become increasingly popular in recent years, as it provides an alternative to traditional forms of financing, such as bank loans and venture capital.

The ECSPR was introduced in November 2020, with the aim of creating a harmonized regulatory framework for crowdfunding platforms operating within the EU. The regulation sets out a number of requirements that crowdfunding platforms must meet in order to be authorized to operate within the EU.

The 30 crowdfunding platforms that have been approved by the ECSPR are based in a number of different EU member states, including France, Germany, Italy, Spain, and the Netherlands. These platforms offer a range of different types of crowdfunding, including donation-based crowdfunding, reward-based crowdfunding, and equity-based crowdfunding.

Donation-based crowdfunding involves individuals making donations to support a particular project or cause. Reward-based crowdfunding involves individuals contributing funds in exchange for rewards, such as early access to a product or service. Equity-based crowdfunding involves individuals investing in a company in exchange for shares in that company.

The approval of these 30 crowdfunding platforms is a positive development for the crowdfunding industry in the EU. It provides a clear regulatory framework for crowdfunding platforms to operate within, which should help to increase investor confidence and encourage more people to participate in crowdfunding.

However, it is important to note that the ECSPR only applies to crowdfunding platforms that are based in the EU. Crowdfunding platforms based outside of the EU will still need to comply with local regulations in order to operate within the EU.

In conclusion, the approval of 30 crowdfunding platforms by the ECSPR is a significant development for the crowdfunding industry in the EU. It provides a regulatory framework for crowdfunding platforms to operate within, which should help to increase investor confidence and encourage more people to participate in crowdfunding. However, it is important to remember that the ECSPR only applies to crowdfunding platforms based in the EU, and that crowdfunding platforms based outside of the EU will still need to comply with local regulations in order to operate within the EU.