CoinVoice has recently learned that the Netherlands Authority for the Financial Markets (AFM) has reminded investors of the risks of cryptocurrency "pump and dump" scams and announced that the Crypto Asset Market Regulation (MiCA) will take effect on December 30. MiCA explicitly prohibits market manipulation, and the AFM will be responsible for supervising and enforcing the new regulations in the Netherlands.

The AFM said that MiCA aims to improve transparency and market integrity in the crypto industry, although it cannot eliminate all risks. To this end, the AFM has recently investigated several cases of "pump and dump" and plans to strictly enforce the law after the implementation of MiCA.

In addition, industry experts warn that MiCA could lead to crypto companies moving to the Middle East, increasing the risk of centralization in the industry. [Original link]