Dutch regulator warns of crypto pump-and-dump risks ahead of MiCAR

The Dutch AFM issues warnings about crypto market manipulation, focusing on pump-and-dump schemes ahead of MiCAR’s launch in December

The Dutch Authority for the Financial Markets (AFM) warned about the risks of cryptocurrency pump-and-dump schemes ahead of upcoming regulation implementation.

According to an official AFM press release, the Markets in Crypto-Assets Regulation (MiCAR) will come into effect on Dec. 30.

Under MiCAR, market manipulation practices like pump-and-dump schemes will be explicitly prohibited in the European Union.

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The Dutch AFM issues warnings about crypto market manipulation, focusing on pump-and-dump schemes ahead of MiCAR’s launch in December
The Dutch Authority for the Financial Markets (AFM) warned about the risks of cryptocurrency pump-and-dump schemes ahead of upcoming regulation implementation.According to an official AFM press release, the Markets in Crypto-Assets Regulation (MiCAR) will come into effect on Dec. 30.Under MiCAR, market manipulation practices like pump-and-dump schemes will be explicitly prohibited in the European Union.Read more Â