25 Oct '16, 10am

Airbitz, BitPay, and Wefunder leverage bitcoin and new US crowdfunding regulation

Equity crowdfunding platform, Wefunder, recently started accepting bitcoin. On the same day, popular bitcoin mobile wallet provider Airbitz announced the launch of its campaign on Wefunder to raise US$1 million. This historic first for bitcoin crowdfunding was made possible when the U.S. Securities and Exchange Commission (SEC) completed the Jumpstart Our Business Startups (JOBS) Act mandates. Eligible companies have been allowed to raise capital under the new regulations since May. The JOBS Act was originally passed in 2012, over four years earlier. The law encourages funding for small businesses in the U.S. by easing various securities regulations. Offers and sales of securities must be registered with the SEC under the Securities Act of 1933, unless an exemption from registration is available. Title III of the JOBS Act provides an exemption for certain crowdfunding tran...

Full article: http://bravenewcoin.com/news/airbitz-bitpay-and-wefunder-...

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