The Monti government during the recent approval of the Decreto Crescita has legalized crowdfunding in our country. The law proposal includes a set of urgent measures for innovation and growth: digital agenda and startups. Among a wide number of reforms aimed at the digitalization of our public administration there is a full chapter dedicated to startup. A new term for regulators, that in Italy will also have a legal meaning.
Under certain definitions, set by the law, startups that have a professional investor or a vc as coinvestor will be able to raise capital online, through specialized portals. All the regulations for such portals to be approved and operated, will be defined by CONSOB, the Italian Security Exchange Commission.
It is a more restricted version than the US JOBS Act, which is taking a more cautious way to the topic. But still I’m must say that this is a time I fell proud to be Italian. I strongly believe crowdfunding will be in the future a disruptive force that will have a significant impact on the economy. Embracing this opportunity from our government is very a forward looking point of view, that honestly surprised me. But hey! Way to go! How often does it happen to be happy of your politicians?
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