CoinTelegraph - The Dutch financial regulator has warned about the risks of cryptocurrency pump-and-dump schemes ahead of upcoming regulations

in blockchain •  2 months ago 

https://cointelegraph.com/news/afm-crypto-pump-and-dump-warning-micar-regulation
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The Dutch Authority for the Financial Markets (AFM) has warned about the risks of cryptocurrency pump-and-dump schemes ahead of upcoming regulations.

The Markets in Crypto-Assets Regulation (MiCA) will come into effect on Dec. 30, prohibiting such practices. The AFM is preparing to supervise and enforce the new regulations in the Netherlands.

Pump-and-dump schemes involve artificially inflating asset prices through misleading information and subsequent dumping by organizers.

The AFM aims to set a precedent for strict enforcement of MiCA and maintain trust in the crypto market.

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blockchain horror dutch financial regulator cryptocurrency pump-dump schemes
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