SHARE TWEET SHARE SHARE PRINT EMAIL The European Commission floated the idea of issuing so-called “passports” for crowdfunding startups in an effort to drive growth in the financial technology sector.
According to news from Reuters, citing European Commission Vice President Valdis Dombrovskis, the idea is that if the startups have a license from the European Union (EU), it will help them expand in Europe.
“It will help them match investors and companies from all over the EU, giving more opportunities for firms and entrepreneurs to pitch their ideas to a wider base of funders,” Dombrovskis said.
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