Harmonizing the crowdfunding regulation in Europe: need, challenges, and risks

This article deals with the issue of the harmonization of crowdfunding regulation in Europe, which is currently the subject of debate by policymakers and regulators. For this purpose, it provides an in-depth comparative analysis of the crowdfunding regulatory frameworks in force in the UK, France, Italy, and Spain. Findings show that regulatory heterogeneity negatively affects the crowdfunding market. To overcome the barriers hampering the...