đ¨ Crypto News Flash! đ¨
- The Dutch Authority for the Financial Markets (AFM) is sounding the alarm on crypto pump-and-dump schemes ahead of the new Markets in Crypto-Assets Regulation (MiCAR) taking effect on Dec. 30.
- MiCAR aims to boost transparency and market integrity by banning manipulative practices like pump-and-dump schemes across the EU.
- AFM will be the watchdog in the Netherlands, ensuring no funny business in the crypto playground.
- Pump-and-dump: Inflate prices with hype, then dump the asset, leaving investors holding the bag. Not cool! đ
- AFM exec Hanzo van Beusekom warns these schemes âundermine trustâ in the crypto market.
Stay savvy, crypto enthusiasts! đ