Crowdfunding for Companies Best Left to EU Countries, Hill Says
- European Commission publishes report on EU crowdfunding sector
- Says sector is crucial to improving growth, jobs in the bloc
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The best way to promote crowdfunding as a source of financing for companies is to leave regulation to the bloc’s 28 countries for now, European Union policy makers decided.
Given the fast pace of change and local focus of crowdfunding, “there is no strong case for an EU level framework at this juncture,” the European Commission, the EU’s executive arm, said on Tuesday.