Debunking the French Government’s recent proposals to define crowdfunding: What is and isn’t being regulated

The following is a guest post by Aurélie Daniel, Cofounder & CEO of Beyond Croissant & blogger at En 20 Lignes, who has a Master’s in Business Law from the Institut d’Etudes Politques de Paris. You can find her on Linkedin or follow her on Twitter @aureliedaniel.
The French Government has recently proposed changes to establish a legal framework for the deployment and development of crowdfunding in France. There are, today, dozens web-based platforms dedicated to projects funding in the country – for a cumulative amount of EUR 40 million in 2012 according to Financement Participatif France – and a new platform seems to be created every week. However, the very restrictive and inadequate existing rules still hold crowdfunding in France back. That’s the reason why French Minister for Small and Medium Enterprise Fleur Pellerin decided to start receiving proposals to adapt these rules to reality. More...