Attention, crypto enthusiasts! đ
The Dutch Authority for the Financial Markets (AFM) warns about the risks of pump-and-dump schemes in cryptocurrencies ahead of the implementation of the MiCAR regulation on December 30.
- **MiCAR**: Will ban manipulative practices such as pump-and-dumps in the EU.
- **Goal**: Increase transparency and integrity of the crypto market.
- **AFM**: Will monitor and enforce the new regulation in the Netherlands.
How do these schemes work? They artificially inflate the price of an asset, then sell it, leaving investors with losses.
What do you think about the MiCAR regulation? Comment below!
