France is drafting a new law that aims to make the practice of pooling resources to fund private ventures easier and more competitive, but the lack of rules governing so-called 'crowdfunding' has prompted the European Commission to announce new legislation for "early next year". On 4 September, French Finance Minister Pierre Moscovici presented a draft law which aimed to adapt the legal status of the participative financing platforms and improve their competitiveness in Europe.
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To read the full, original article click on this link: France to support private 'crowdfunding' | EurActiv
