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