{"id":138150,"date":"2024-09-29T16:00:04","date_gmt":"2024-09-29T13:00:04","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138150"},"modified":"2024-09-29T15:06:14","modified_gmt":"2024-09-29T12:06:14","slug":"dutch-financial-regulator-warns-of-crypto-pump-and-dump-risks-ahead-of-new-eu-rules","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/dutch-financial-regulator-warns-of-crypto-pump-and-dump-risks-ahead-of-new-eu-rules\/","title":{"rendered":"Dutch Financial Regulator Warns of Crypto Pump-and-Dump Risks Ahead of New EU Rules"},"content":{"rendered":"

According to an AFM press release<\/a><\/strong>, the Markets in Cryptoassets Regulation (MiCA) will come into force on December 30, aiming to curb market manipulation in the European Union.<\/p>\n

MiCA aims to improve transparency and market integrity by explicitly banning manipulative practices such as \u201cpump and dump\u201d schemes. The AFM will monitor the implementation and enforcement of these rules in the Netherlands. In the pipeline, the AFM has already investigated several cases of such schemes and intends to set strict regulatory precedents when MiCA becomes operational.<\/p>\n

Pump and dump schemes involve artificially inflating the price of a cryptocurrency through misleading information, often disseminated via social media.<\/p>\n