CROWDFUNDING MARKET IN RUSSIA: REGULATION AND NEW OPPORTUNITIES

Abstract

In modern conditions, exacerbated by the coronavirus pandemic, the support of business and the country’s economy as a whole is becoming an urgent problem and increased investment activity, in particular. One of the effective tools for financing investment projects of small and medium-sized businesses can be crowdfunding. The article analyzes the current state of the crowdfunding market in Russia and abroad, a significant lag in the volumes of attracted financing of Russian practice from foreign. The essential differences of traditional crowdfunding and its varieties: crowdlending and crowdinvesting are highlighted. It is shown that with the adoption of the Federal Law in Russia, which regulates the mechanism of collective financing on investment Internet platforms, new opportunities for attracting investments by small and medium-sized businesses are created. Public crowdfunding platforms included in the Bank of Russia registry may, under certain conditions, become an important segment of the Russian financial market in addition to the already created corporate banking platforms.