Design of Equity Crowdfunding in the Digital Age

Equity crowdfunding is a form of alternative financing for MSMEs in Indonesia. However, the provision of equity crowdfunding still has various issues that boil down to the absence of guarantees of legal certainty for the parties. This, of course, can hinder the development of equity crowdfunding its...

Full description

Saved in:
Bibliographic Details
Published in:Laws 2023-01, Vol.12 (1), p.8
Main Authors: Riswandi, Budi Agus, Alfaqiih, Abdurrahman, Wicaksono, Lucky Suryo
Format: Article
Language:English
Subjects:
Analysis
Bank technology
Collateral
Crowdfunding
Dividend distributions
Equity
Equity (Finance)
equity crowdfunding
Financial services
International finance
Investments
legal certainty
Liability (Law)
Peer to peer lending
Regulation
Citations: Items that this one cites
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Equity crowdfunding is a form of alternative financing for MSMEs in Indonesia. However, the provision of equity crowdfunding still has various issues that boil down to the absence of guarantees of legal certainty for the parties. This, of course, can hinder the development of equity crowdfunding itself in the MSME financing scheme. For this reason, the review of this is carried out based on normative legal research, where it examines various applicable legal provisions in regulating equity crowdfunding. Studies are also based on statute, comparative and conceptual approaches. The result is that, first, the arrangement regarding equity crowdfunding has not provided guarantees of legal certainty for the parties; second, many countries develop equity crowdfunding regulatory frameworks that are oriented to guarantee legal certainty for the parties; and third, the design of equity crowdfunding arrangements that provide guarantees of legal certainty to the parties can be made in the form of co-regulation arrangements.
ISSN:2075-471X
2075-471X
DOI:10.3390/laws12010008