This important change comes after the Spanish Crowdfunding Network delivered, a few months back, a 56 page document to the Government, asking for the removal of the investment limit. In fact, as showed by other European cases, for example Italy, where regulations for equity crowdfunding have been in place for already 10 months, but hardly no startup has even used this innovative mechanism to raise finance, a too restrictive approach may kill the potential of securities crowdfunding.
Whether the proposed regulation for Spanish securities crowdfunding will work better than other regulatory frameworks in the EU region, it is something we will only find out with time. In the meanwhile, Crowd Valley hopes that Spain’s change of approach towards crowdfunding can start the discussion and give reference for other regulators dealing with the same issues.
Barrera, A. (2014). Spain intends to lift some of the equity crowdfunding limitations. Tech.eu
Gonzalez, J.S. (2014). El Gobierno levanta los límites al ‘crowdfunding’ solo a los profesionales. El Paìs.com
Image credit to: Jose Javier Martin Espartosa. http://bit.ly/1gfKKdx
Born and raised in Milan, Italy, Irene is an International Business graduate, with a strong interest for innovative ideas that can simplify our lives.
During her studies, she co-founded an online community for sportspeople and worked in marketing positions at Ogilvy & Mather Advertising and at the European Business Angel Network, in Brussels. She is a passionate blogger about crowdfunding and the startup ecosystem.