THE ROLE OF THE REGULATORY AND LEGAL FRAMEWORK IN PROMOTING EQUITY-BASED CROWDFUNDING IN IRAQ

Abstract

The aim of research  is to explain the role of the regulatory and legal framework in promoting ownership-based crowdfunding in Iraq and to develop a general framework that includes principles and basic steps to support policy makers, especially in a country like Iraq, in formulating and implementing regulatory and legal frameworks for the work of ownership-based crowdfunding platforms, taking into consideration Lessons learned from international experiences. The problematic of the research is represented in the following question: Is establishing a legal framework for crowdfunding, especially based on property rights, an urgent necessity, to start crowdfunding activity in Iraq in an organized and deliberate manner to take advantage of the advantages of this type of financing and overcome its negative effects? The research problem was addressed by relying on the analytical approach to find out the regulatory and legal framework and its role in promoting ownership-based crowdfunding in Iraq.