On the 5th of October, the new regulation of
the European Parliament and of the Council on European crowdfunding
service providers for business was approved. Although crowdfunding
activities are already regulated in Lithuania by national laws,
this new regulation represents a real opportunity for Lithuania and
Lithuanian crowdfunding services providers.
The New Regulation Will Bring More Expenses on Compliance
Crowdfunding service providers (CSPs) have been regulated in
Lithuania for almost four years. During this period, the CSP market
has been developing at a rapid pace. The amounts invested using
CSPs have risen 12 times, from just over EUR 1 million in 2017 to
over EUR 16 million in 2019. Such a rise in a short three-year
period shows that the current regulations are enough to facilitate
the growth of the CSP market. Nevertheless, considering the fact
that under the EU's new regulation all current CSPs will be
required to receive a EU-level license to continue
