ERDEM-NEWSLETTER-2018-metin

229 CAPITAL MARKETS LAW Conclusion EU Member States have adopted a range of measures to promote the growth of crowdfunding, protect investors, and regulate crowd- funding. They are either implementing the EU legislative framework, or creating national regimes. These national frameworks are gener- ally consistent in terms of the objectives and outcomes they seek to accomplish; however, they are mostly customized for local markets. European practice in crowdfunding shows that existing financial regu- lations can be successfully adapted to financial technology innova- tions without wide-ranging amendments.