The Netherlands Authority for the Financial Markets (AFM) has issued a notice warning investors about the risks of cryptocurrency "pump and dump" scams and announced that the Markets in Crypto-Assets Regulation (MiCA) will come into effect on December 30. MiCA aims to increase transparency and market integrity in the crypto industry, explicitly prohibiting market manipulation. The AFM will be responsible for supervising and enforcing the new regulations in the Netherlands and has investigated multiple "pump and dump" cases, planning to enforce strict regulations after MiCA is implemented. Anastasija Plotnikova, CEO and co-founder of Fideum, warned that MiCA could lead to crypto businesses relocating to the Middle East, increasing the risk of centralization within the industry.

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<p>According to TechFlow, on September 29, Cointelegraph reported that the Netherlands Authority for the Financial Markets (AFM) issued a reminder to investors about the risks of cryptocurrency "pump and dump" scams, and announced that the Markets in Crypto-Assets Regulation (MiCA) will come into effect on December 30. MiCA aims to increase transparency and market integrity in the crypto industry, explicitly prohibiting market manipulation.</p>
<p>The AFM will be responsible for supervising and enforcing the new regulations in the Netherlands and has investigated multiple "pump and dump" cases, planning to enforce the law strictly after MiCA is implemented. AFM Executive Director Hanzo van Beusekom emphasized that such behaviors undermine trust in the crypto market. However, Fideum CEO and co-founder Anastasija Plotnikova warned that MiCA could lead crypto companies to relocate to the Middle East, increasing the risk of centralization in the industry.</p>
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Dutch Authority for the Financial Markets: Beware of the Risks of Cryptocurrency "Pump and Dump" Schemes, MiCA Regulation to Take Effect on December 30