BERLIN, March 6 (Reuters) - A German draft law to supervise crowdfunding and protect small investors against heavy losses risks choking off support for fledgeling businesses, an lobby group said in a paper for a March 16 parliamentary hearing on the proposed legislation.
Worried that German companies are falling behind in the digital age, Chancellor Angela Merkel's governing coalition is keen to promote innovation and start-ups, but industry group Bitkom said the proposed law would undermine that goal.
