Australian Financial System Inquiry urges facilitation of crowdfunding

8 Dec 2014: The Murray inquiry into the Australian Financial System has urged the Australian Government to regulate to permit equity crowdfunding.  “A well developed crowdfunding system can aid broader innovation and competition in the financial system,” the report states. It goes on to highlight that this would require some adjustments to consumer protections to manage risks such as fraud, issuer failure and dilution.

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