The proposal currently covers sums raised during campaigns of up to a million euros over 12 months. Campaigns that raise more will be subject to current prospectus and securities rules. On Thursday, the Commission proposed a variety of economic and job growth measures in the financial technology sector in a continued effort to decrease the level of Europe's dependence on bank funding.
The rise of technology and digital applications in sectors such as the financial industry has regulators pushing to ensure that correct measures are in place to encourage growth as well as protect both consumers and creators of these new products.
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