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Book
Law and Practice of Crowdfunding and Peer-to-Peer Lending in Australia, China and Japan
Authors: --- --- ---
ISBN: 9789811938344 Year: 2022 Publisher: Singapore Springer Nature Singapore :Imprint: Springer

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Abstract

"FinTech (the revolution in financial technology) is growing up and moving into the mainstream of finance over the last decade. The authors explore what Australia, China, and Japan are planning and doing in the field of crowdfunding and peer-to-peer lending. In addition to peer-to-peer lending, the book focuses on laws and practices related to central bank digital currencies, cryptocurrency, Bitcoin, and Initial Coin Offerings (ICOs). For example, peer-to-peer lending in Japan is mostly for small and medium enterprises. It was popular in China but the authorities cracked down a few years. It provides an alternative fundraising channel for the capital market in Australia. We also see a set of regulatory approaches among jurisdictions. Some countries draft new regulations, while others amend existing laws. The mechanism of the regulatory sandbox was introduced"--Adapted from the publisher's description.

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