I'm born and breed in Spain and I couldn't agree more with im_dario23 talking about the 70% and ArenaSource talking about protecting banks. In my honest opinion, banks get too much protection in Spain (compared to countries of northern Europe, which act in a more ethical way thinking more about the citizen) and this smells like a new way for banks to kind of "take some profit from crowdfounding". It seems that no sooner did the Spanish government realize about the money from crowdfounding, they tried to made up a tax/limitation for it (the thing itself shows how out-of-date Spanish politicians are... that they try to create this limit now when crowfounding it's been out there for some years now). That's so spaniard... but this is just my opinion. I'd like to read more about yours and your regulations all over the world. Great page news.ycombinator. Regards from Spain