REGULATING THE UNREGULATED: THE ADVENT OF FINTECH REGULATIONS AND THEIR IMPACTS ON EQUITY-BASED CROWDFUNDING

Murat Aydemir; Ahmet Faruk Aysan

doi:10.21684/2412-2343-2023-10-3-4-18

REGULATING THE UNREGULATED: THE ADVENT OF FINTECH REGULATIONS AND THEIR IMPACTS ON EQUITY-BASED CROWDFUNDING

Murat Aydemir, Ahmet Faruk Aysan

Islamic Studies – Administration

Hamad bin Khalifa University

Research output: Contribution to journal › Article › peer-review

3 Citations (Scopus)

Abstract

The concept of equity-based crowdfunding (ECF) has become one of the latest innovative financing alternatives for startups and SMEs throughout the world during the last decade. This article aims to assess the revised crowdfunding directive of Turkey and its role in the development of the ecosystem. The concept of ECF is elucidated with its stakeholders, challenges, and solutions. Then the effect of the revised regulation is analyzed through a case study of the first active ECF platform in Turkey, Fonbulucu. Finally, the article discusses the potential improvements to the existing directive considering the practices of Fonbulucu.

Original language	English
Pages (from-to)	4-18
Number of pages	15
Journal	BRICS Law Journal
Volume	10
Issue number	3
DOIs	https://doi.org/10.21684/2412-2343-2023-10-3-4-18
Publication status	Published - 2023

Keywords

ECF platform
Fintech
crowdfunding
equity-based crowdfunding
investment
regulation
risk

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10.21684/2412-2343-2023-10-3-4-18

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abstract = "The concept of equity-based crowdfunding (ECF) has become one of the latest innovative financing alternatives for startups and SMEs throughout the world during the last decade. This article aims to assess the revised crowdfunding directive of Turkey and its role in the development of the ecosystem. The concept of ECF is elucidated with its stakeholders, challenges, and solutions. Then the effect of the revised regulation is analyzed through a case study of the first active ECF platform in Turkey, Fonbulucu. Finally, the article discusses the potential improvements to the existing directive considering the practices of Fonbulucu.",

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AB - The concept of equity-based crowdfunding (ECF) has become one of the latest innovative financing alternatives for startups and SMEs throughout the world during the last decade. This article aims to assess the revised crowdfunding directive of Turkey and its role in the development of the ecosystem. The concept of ECF is elucidated with its stakeholders, challenges, and solutions. Then the effect of the revised regulation is analyzed through a case study of the first active ECF platform in Turkey, Fonbulucu. Finally, the article discusses the potential improvements to the existing directive considering the practices of Fonbulucu.

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REGULATING THE UNREGULATED: THE ADVENT OF FINTECH REGULATIONS AND THEIR IMPACTS ON EQUITY-BASED CROWDFUNDING

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Keywords

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