Regulation
Startups
Equity
Azerbaijan Adopts New Regulatory and Tax Framework for Venture Capital Funds
Azerbaijan's parliament has approved amendments introducing requirements and tax incentives for venture capital funds. The changes affect currency regulation and the tax code, easing profit repatriation and investment transfers for funds and accredited investors. The law also sets documentation and reporting obligations for cross-border investments in startups. The draft was adopted in its first reading.
Regulation
Azerbaijan Adopts Crowdfunding Law Regulating Equity and Debt Platforms
Azerbaijan's Milli Majlis has passed the draft law 'On Crowdfunding' in its third reading. The legislation establishes legal, organizational, and economic frameworks for equity- and debt-based crowdfunding, including requirements for platform operators and state supervision. The law will take effect six months after publication.
Market Data
Regulation
Trends
Europe
EUROCROWD Report Assesses ECSPR’s Impact on European Crowdfunding Market After Three Years
EUROCROWD has released a research paper analyzing the effects of the European Crowdfunding Service Providers Regulation (ECSPR) three years after its implementation. The study finds that market growth is driven more by platform maturity and investor culture than by regulatory flexibility. It highlights areas for improvement in operational resilience and transparency, and suggests future progress will depend on governance and digital infrastructur…
Regulation
France
AMF Withdraws AUTOMATA France Registration Over Unlicensed Crowdfunding Services
The French financial regulator AMF has withdrawn the registration of AUTOMATA France for providing unlicensed crowdfunding services. This regulatory action highlights the enforcement of compliance requirements for digital asset and crowdfunding platforms in France. The decision underscores the importance of proper licensing in the sector.
Regulation
Trends
Startups
Equity
Malaysia
Malaysia Proposes LEAP Market Reforms to Ease Public Listings for ECF-Backed Companies
Bursa Malaysia and the Securities Commission have proposed changes to the LEAP Market framework, aiming to provide equity crowdfunding-backed companies with a streamlined path to public listing. The reforms would allow ECF-funded firms to list on the LEAP Market after raising at least RM5 million, including from VC or PE sources. The proposals also include retail investor participation and a simplified transfer process to the ACE Market.
Regulation
Donation
Cambodia Bans Patreon and Discord Amid Crackdown on Online Gambling
The Cambodian government has banned Patreon, a major crowdfunding platform, along with Discord and 29 other sites, citing links to illegal gambling and illicit activities. The ban, enforced by the Telecommunication Regulator of Cambodia, has sparked public backlash and concerns over its impact on legitimate users. Officials claim the platforms violate national laws, but critics question the policy's transparency and effectiveness.
Platform Update
Regulation
Trends
SME
Equity
UNDP Supports Crowdfunding Regulation Development for MSMEs in North Macedonia
The UN Development Programme is assisting North Macedonia in creating a regulatory framework for crowdfunding to improve MSMEs' access to finance. The initiative aims to establish clear rules and investor protections, enabling entrepreneurs to connect with a broader pool of investors. This regulatory approach is highlighted as a key example of supporting small business growth and sustainable development.
Platform Update
Regulation
SME
Fiji Budget Grants Tax Holidays and Exemptions for Crowdfunding and P2P Lending Platforms
Fiji's 2026-27 budget introduces a five-year tax holiday for qualifying peer-to-peer lending and equity crowdfunding platforms. Income up to $200,000 from licensed P2P lending platforms will be tax-exempt, and capital gains tax exemptions apply to eligible equity crowdfunding investments. These measures aim to support alternative finance providers and encourage investment.
Platform Update
Regulation
Social cause
Donation
USA
GoFundMe Responds to New Hawaiʻi Crowdfunding Law Affecting Nonprofits
A new Hawaiʻi law, Act 205, will require nonprofits to provide written consent to remain active on crowdfunding platforms like GoFundMe starting July 1. GoFundMe has begun outreach to affected organizations, warning that failure to comply could disrupt donations. The law also mandates verification of nonprofit status and impacts payout processes. GoFundMe is coordinating with state authorities to ensure compliance.
Regulation
Investor Insights
Health & Science
Equity
USA
Kingscrowd Recommends Enhanced Disclosure for Crowdfunding and Reviews Harmony Baby Nutrition Campaign
Kingscrowd's podcast outlines recommendations to the SEC for improved investor disclosure in private markets, focusing on valuation transparency and investor updates for Regulation Crowdfunding. The episode also analyzes Harmony Baby Nutrition's ongoing Wefunder campaign, detailing its funding progress, valuation, and commercialization strategy. Regulatory challenges and market positioning are discussed.