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

Fig 2.6. Amount of funds raised by crowdfunding in EU countries, 2015 Note: formed by the authors based on sources (Paes, 2017; Statista; Weinberg, 2016) The creation of new legislation in 2014 allowed establishing a clear structure and ensuring the reliability of crowdfunding activities in France. The updated legislation regulates the work of crowdfunding platforms, in particular, the maximum funding threshold was set at 1 million euros. France ranks third in the world in terms of the number of active crowdfunding platforms. The analysis of the experience of crowdfunding development in this country is important and will allow us to make certain conclusions and recommendations for the implementation of crowd- funding activities in Ukraine. In terms of the number of globally competitive companies, France tops the list of EU countries in the Fortune 500 ranking. It accounts for 32 companies, the same number in Germany, but the population of France is less by 25%. Also, according to the Startup Genome Report, Paris ranks 11th in the world (second in Europe, London is considered the first) as the most promising and favorable ecosystem for startups ( ɍɝɨɥɶɤɨɜɚ , Ɏɟɳɭɪ , Ʉɭɡɶɦɿɧ and ɋɤɢɛɿɧɫɶɤɢɣ , 2017). Some comparative studies show that French citizens tend to save about three times more than Americans. This fact is important because the 300 162,8 128 18,6 60,3 8,5 France Germany the Netherlands Italy Spain Belgium Amount of funds raised, mln euro Countries 65