The draft law "On Crowdfunding" has been adopted in the third reading at today's session of the Milli Majlis, APA reports.
The law consists of 7 chapters and 23 articles and regulates the legal, organizational and economic foundations for the implementation of equity- and debt-based crowdfunding in the Republic of Azerbaijan, the requirements for the activities of crowdfunding platform operators, as well as issues related to state regulation and supervision of their activities.
The law will enter into force six months after the date of its publication.