Introduction
As per the simplest definition, crowdfunding is an alternative
financing method for funding projects and entrepreneurs. The Draft
Law on Amendments to the Capital Market Law ("Draft Law")
regarding crowdfunding prepared by the government has been
submitted to the Grand National Assembly of Turkey on 26 December
2016. By the enactment of the aforementioned Draft Law, it is aimed
to achieve to keep the crowdfunding platforms in a free market, and
simultaneously to bring protection mechanisms.
What is Crowdfunding?
Crowdfunding provides financing or support through electronic
platforms to project owners and entrepreneurs by the general
populace consisting of, depending on the model of the crowdfunding,
investors who have expectations in return, or supporters without
any expectations in return. An Entrepreneur may be a legal entity
or a natural person, or even a non-governmental
organization1. In other words, crowdfunding is a new
generation of
