EU Proposal on Crowdfunding Service Providers may affect blockchain business
The EU Commission has come up with the new Proposal for a Regulation on European Crowdfunding Service Providers (the “Proposal”). If the Proposal comes into force, it will influence businesses that collect investors funds as loans, platforms that provide fundraising services, and ICO’s businesses. Here are 10 main things you need to know about the Proposal and some possible challenges for fundraising platform business utilizing blockchain technologies (“Blockchain platforms”).