New EU crowdfunding rules bring the end of the unregulated crowdfunding segment in Bulgaria

3 December 2020

The Crowdfunding Regulation(1) came into effect on 9 November 2020 and will apply directly across the EU from 10 November 2021. It is widely anticipated that this Regulation, together with the Crowdfunding Directive,(2) will facilitate and broaden access to crowdfunding finance for businesses at an early stage of company growth that rely on internal financing and family’s and friends’ support by removing diverging national regimes and enabling crowdfunding platforms to offer their services EU-wide (through passporting).


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