Regulation
Platform Update
Reward
USA
Geyser Crowdfunding Platform Rejects Cuba Bitcoin Project Citing US Sanctions Compliance
Geyser, a US-based bitcoin crowdfunding platform, has rejected a project from the Cuba Bitcoin community, citing a failed wallet sanction check due to US compliance requirements. The decision highlights the impact of international sanctions on financial services for Cuban residents. Geyser maintains it must adhere to regulatory obligations despite its mission to expand global capital access.
Regulation
SME
Equity
Ireland
Europe
Irish Government Savings Scheme Criticised for Excluding Crowdfunding Investments
Ireland's new Savings and Investment Account scheme has drawn criticism for not including regulated crowdfunding platforms among eligible tax-advantaged investments. Industry voices argue this policy favours large US tech stocks over Irish SMEs seeking capital via crowdfunding. The scheme is set to launch in 2027 and aims to mobilise household savings.
Regulation
Startups
Equity
USA
Policy Recommendations Proposed to Improve Reg A and Reg CF Crowdfunding Exemptions
Industry experts suggest several regulatory changes to enhance the effectiveness of Reg A and Reg CF crowdfunding exemptions, including raising funding caps, simplifying reporting, and facilitating secondary trading. The article outlines specific proposals for policymakers and the SEC to support innovation and improve access to capital for early-stage companies. Tax incentives and faster review processes are also recommended.
Regulation
USA
North America
SEC Chairman Expects Senate Approval of CLARITY Act for Crypto Asset Regulation
SEC Chairman Paul Atkins stated that the CLARITY Act is expected to be approved in the Senate, with a vote scheduled for September 15. The Act aims to provide regulatory clarity for crypto assets in the US. Atkins emphasized alignment with the White House and highlighted the SEC's proposed Regulation Crypto Assets as a historic step. The legislation requires 60 Senate votes to pass.
Regulation
Startups
Equity
Azerbaijan Enacts Dedicated Crowdfunding Law Effective January 2027
Azerbaijan has adopted Law No. 450-VIIQ, establishing a legal framework for regulated crowdfunding platforms, effective 24 January 2027. The law covers equity and debt crowdfunding, sets licensing and operational requirements, and introduces investor protections. The Central Bank will regulate the sector, with strict disclosure and campaign rules. The regime targets startups and SMEs seeking alternative financing.
Platform Update
Regulation
Tokenized
Vietnam Launches Regulated Pilot for Real-World Asset Tokenization
Vietnam has initiated a five-year pilot program to regulate the issuance and trading of tokenized real-world assets, backed by new laws and government resolutions. The framework restricts offerings to foreign investors initially and sets high capital and security requirements for platform operators. The pilot aims to move activity from offshore to licensed domestic platforms, with enforcement phased in over time.
Trends
Regulation
Market Data
SME
P2P lending
Indonesia’s P2P Lending Market Reaches $6.6 Billion Amid Regulatory Scrutiny
Outstanding P2P lending balances in Indonesia grew 25.88% year-on-year to Rp 105.14 trillion ($6.61 billion) by June 2026, with active borrower accounts rising to 26.91 million. Regulators and experts warn of transparency risks, including hidden fees and front-loaded repayments. New consumer protection rules aim to address these issues as the sector becomes a key credit channel.
Platform Update
Regulation
Debt
Saudi Arabia
MENA
Saudi Central Bank Licenses New BNPL and Debt-Based Crowdfunding Providers
The Saudi Central Bank has licensed Jeel Pay to offer buy-now-pay-later services and Mansat Hima for Financing to operate in debt-based crowdfunding. These approvals are part of ongoing efforts to expand digital financial services and strengthen regulatory frameworks in Saudi Arabia. The new licenses reflect the Kingdom's push for financial inclusion and innovation under Vision 2030.
Regulation
Poland
Europe
Polish PM Pushes for New Vote on Crypto-Assets Law Amid Zondacrypto Scandal
Polish Prime Minister Donald Tusk has called for another parliamentary vote to override the president's veto of a crypto-assets market law, citing the widening Zondacrypto investigation and significant customer losses. The bill aims to align Poland with EU crypto regulations. Previous attempts to pass the law failed, leaving domestic platforms outside the EU licensing system. The Zondacrypto case has intensified political and regulatory pressure.
Market Data
Regulation
P2P lending
Korea Adjusts Lending Rules as P2P Sector Seeks Higher Investment Limits
Korean financial authorities have eased rules for mid-rate loans, impacting secondary financial institutions and the P2P lending sector. The P2P industry is calling for higher individual investment limits to support loan supply, citing a six-year cap of 40 million won. In July, P2P mid-rate loan originations rose by 100 billion won, with a delinquency rate below 1%.
Regulation
Platform Update
Startups
Equity
USA
SEC Charges GenesisAI and CEO Over Misleading Crowdfunding Disclosures
The SEC has filed a complaint against GenesisAI Corp. and CEO Archil Cheishvili, alleging material misrepresentations in multiple crowdfunding campaigns that raised over $5.3 million from retail investors. The company projected unrealistic revenues and inflated valuations despite minimal actual revenue and no viable product. The SEC seeks injunctions, disgorgement, and penalties.
Platform Update
Regulation
Startups
Equity
USA
SEC Files Complaint Against Netcapital Over Reg CF Offerings and Revenue Overstatement
The SEC has filed a civil complaint against Netcapital Inc. and several affiliates, alleging a multi-year scheme to overstate revenue through consulting agreements tied to 11 companies conducting Regulation Crowdfunding (Reg CF) offerings. Most of these offerings failed to reach their funding goals, raising less than $80,000 in total. The case highlights regulatory, due diligence, and investor protection issues in the crowdfunding sector.