On 9 November 2020, the EU Regulation on European Crowdfunding Service Providers for Business came into force (Crowdfunding Regulation). The Crowdfunding Regulation will provide an EU-wide legal framework on crowdfunding for the very first time. Crowdfunding service providers are required to obtain only a single license in order to provide crowdfunding services throughout the EU. We have summarized the key aspects of the Crowdfunding Regulation here (German only).