CROWDFUNDING SYSTEMS: evaluation and government regulation in the conditions of reengineering

the state, Ukrainians most trust the State Pension Fund (more than 50% of respondents gave the answer «I rather trust than I do not» and «I trust») and state banks (38%) (Fig 3.5). According to this study, only 15% of respondents answered «fully trust» or «rather trust» private banks. Other financial and credit intermediaries are almost not trusted by the population. Fig 3.5. The confidence level of the Ukrainian population in financial and credit institutions Note: formed based on (USAID) The level of confidence of the Ukrainian population in such a tool as crowdfunding is even lower, because the state does not take any responsibility for contributions to crowdfunding projects and does not provide any guarantees, and for Ukrainians, guarantees by the state play the most significant role. A prerequisite for the active use of crowdfunding in the developed countries is the presence of a significant number of entrepreneurs and potential investors. Other important characteristics of society in the developed world are significant initiative, availability of effective technological solutions, and a culture that is able to adapt to new economic conditions ( ɍɝɨɥɶɤɨɜɚ , 2017e; ɍɝɨɥɶɤɨɜɚ and Ɋɟɜɟɪɟɧɞɚ , 2018; ɍɝɨɥɶɤɨɜɚ and ɍɝɨɥɶɤɨɜ , 2017). Many scientists and economists argue 55 38 15 12 11 6 5 State Pension Fund State banks Private banks Deposit Guarantee Fund Insurance companies Investment funds Non-state pension funds Percentage of those, who trust 123