The Russian crowdfunding market has contracted by more than 40% in 2019, figures from the Central Bank have shown.
In the first nine months of the year, 5.2 billion rubles ($81 million) had been raised through crowdfunding on Russian platforms, compared to more than 8 billion rubles in the same period of 2018, Russian business news site RBC said.
The figures were presented to banks and crowdfunding platforms by the Central Bank at a closed meeting last week as part of preparations for new crowdfunding regulations which come into force at the beginning of next year.
Russian crowdfunding market stumbles in 2019Read More
Topics:
Crowdfunding, Data & Reports, Finance
