Dutch Regulators Finally Figure Out How to Stop Crypto Scams… Just in Time for the Next One!

Blockchain Crypto News Featured Kevin Nelson October 5, 2024

A illustration of a cryptocurrency price chart with an arrow pointing upwards, followed by a sharp decline, symbolizing the pump-and-dump scheme. A group of people are shown running away from a crashing market, while others stand in front of it holding briefcases and looking worried.

Just when you thought it was safe to go back into the water… a Dutch regulator has finally woken up to the fact that cryptocurrency pump-and-dump schemes are being used by scammers to fleece unsuspecting investors. And, in a shocking turn of events, they’re actually doing something about it! The Markets in Crypto-Assets Regulation (MiCAR) is set to ban these practices from December 30th, because apparently someone at the Dutch Authority for the Financial Markets (AFM) has finally read Jemima Kelly’s excellent exposé on crypto pump-and-dump schemes. But let’s be real folks, this regulation won’t make a blind bit of difference – there will still be plenty of gullible idiots willing to invest in these scams. And as long as the AFM is too busy warning people about ‘market manipulation’ and not actually shutting down these scammers, we can expect more pump-and-dump schemes than you can shake a stick at.

Source: bitcoin.com

Dutch Regulator Warns of Crypto Pump-and-Dump, New Regulation to Ban These Schemes

https://news.bitcoin.com/dutch-regulator-warns-of-crypto-pump-and-dump-new-regulation-to-ban-these-schemes

The Dutch Authority for the Financial Markets (AFM) has issued a warning about the dangers of pump-and-dump schemes in the cryptocurrency space, as new regulations prepare to target this market manipulation tactic. The upcoming Markets in Crypto-Assets Regulation (MiCAR), effective from Dec. 30 will ban these practices. The Dutch Authority for the Financial Markets (AFM) warned last week about the dangers of cryptocurrency pump-and-dump schemes, highlighting upcoming regulations to address […]

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Afm Crypto Asset Regulation Financial Market Warning MiCAR Regulations Regulatory Action

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Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Dutch Regulators Finally Figure Out How to Stop Crypto Scams… Just in Time for the Next One!

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