BlockBeats news, on September 29, according to Cointelegraph, the Dutch Financial Market Authority (AFM) issued an announcement to remind investors to be wary of the risks of cryptocurrency “pump and dump” scams, and announced the “Cryptoasset Market Supervision Regulations” (MiCA) It will take effect on December 30. MiCA regulations will increase transparency and market integrity in the crypto industry and explicitly prohibit market manipulation.
AFM is responsible for supervising and enforcing new regulations in the Netherlands and has investigated many cases of “pump and dump” and plans to strictly enforce the law after MiCA is implemented. AFM Executive Director Hanzo van Beusekom emphasized that such actions undermine trust in the crypto market. However, Fideum CEO and co-founder Anastasija Plotnikova warned that MiCA could lead to crypto companies relocating to the Middle East, increasing the risk of industry centralization.
