REGULATING THE UNREGULATED: THE ADVENT OF FINTECH REGULATIONS AND THEIR IMPACTS ON EQUITY-BASED CROWDFUNDING
https://doi.org/10.21684/2412-2343-2023-10-3-
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 paper aims to assess the revised crowdfunding directive of Türkiye 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 Türkiye, Fonbulucu. Finally, the paper discusses the potential improvements to the existing directive considering the practices of Fonbulucu.
About the Authors
Murat AydemirQatar
Murat Aydemir is a PhD candidate in the Islamic Finance and Economy Programme at Hamad Bin Khalifa University. He has a BA degree in management from Bogazici University, Turkey. He was a strategy specialist at the Central Bank of the Republic of Turkey. Aydemir was awarded the Chevening Scholarship of The Foreign Office of the United Kingdom and completed an MSc in innovation and entrepreneurship at the University of Warwick, UK, with merit. He has worked as a business consultant for startups in London since 2019.
Ahmet Faruk Aysan
Qatar
Dr. Ahmet Aysan is a full Professor, Associate Dean for Research and the Program Coordinator of the Ph.D. and MSc programs at Hamad Bin Khalifa University. He has been the Board Member and Monetary Policy Committee Member of the Central Bank of the Republic of Turkey and served as a consultant at various institutions such as the World Bank, the Central Bank of the Republic of Turkey, and Oxford Analytica. Dr. Aysan, who has many articles published in academic journals, is a recipient of the Boğaziçi University Awards, and the MEEA Ibn Khaldun Prize. Dr. Aysan is also a Research Associate at the University College London Centre for Blockchain Technologies (UCL CBT) and Non-resident fellow at the ME Council.
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Review
For citations:
Aydemir M., Aysan A. REGULATING THE UNREGULATED: THE ADVENT OF FINTECH REGULATIONS AND THEIR IMPACTS ON EQUITY-BASED CROWDFUNDING. BRICS Law Journal. 2023;10(3). https://doi.org/10.21684/2412-2343-2023-10-3-
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