German CrowdFunding: Bill vs. Draft
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After having passed the Bundestag (Lower House of Parliament) we felt it appropriate to compare the final Crowdfunding law with the earler draft. The latter caused hefty criticism by platforms, investors, industry observers, consultants and academics alike.
As can be seen in our infographic below most critical points have been amended in the final bill. Thus, the overall outcome is a relatively Crowdfunding-friendly regulation. This is probably also true, when compared to the other countries such as the UK.
The biggest unknown or negavite if you like is the personal wealth declaration, which is mandatory for any investment above EUR1.000. This is likely to deter investors, but the ultimate impact remains to be seen.
We appreciate feedback and views on the outcome of the legislative process.