Digital Crowdfunding Platforms from a Legal Perspective- A Comparative Study

Abstract

In this study, we reviewed the legal aspects regulating the operation of digital crowdfunding platforms, explaining the nature of these platforms' operations, the nature of the relationships arising from their use, how data and information related to the operation of these platforms are protected, and the criminal and disciplinary responsibilities of the platform operator.

We concluded that there is a relationship between the investor and the platform operator, as well as another relationship between the operator and the financing applicant, and that there are some means of protecting the data and information related to the work of that platform in the legislation under comparison, even if there are some shortcomings in this legislation with regard to this matter.

We explained how these laws address criminal offenses and disciplinary violations arising from the use of these platforms, and outlined the regulatory authorities for digital crowdfunding platforms.

Keywords

Crowdfunding - Financing Platforms - Projects - Financial Activities