30
Jan-2014

Crowdfunding will need regulations, but not too many: TD

TORONTO Canadian startups are in a prime position to cash in on the growing popularity of crowdfunding, but regulators need to ensure that incoming rules do not hinder that potential, TD Economics warned Wednesday.

According to the 13-page report, the global crowdfunding market is estimated to be worth $3.25 billion, with the majority of the funds coming from North America and Europe.

But as other jurisdictions, mainly the United States, move to set rules on how crowdfunding can operate, Canada has only taken tentative steps toward a regulatory framework. In doing so, it runs the risk of losing investments for startups and small businesses.

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