ChainCatcher news, the Dutch Authority for the Financial Markets (AFM) reminds investors to be aware of the risks of cryptocurrency "pump and dump" scams and announces that the Markets in Crypto-Assets Regulation (MiCA) will come into effect on December 30. MiCA explicitly prohibits market manipulation, and the AFM will be responsible for supervising and enforcing the new regulations in the Netherlands.The AFM states that MiCA aims to enhance transparency and market integrity in the crypto industry, although it cannot eliminate all risks. To this end, the AFM has recently investigated several "pump and dump" cases and plans to enforce strict measures after the implementation of MiCA.Additionally, industry experts warn that MiCA may lead to crypto companies relocating to the Middle East, increasing the centralization risks in the industry.

ChainCatcher news, according to CoinDesk, the Council of the European Union, representing 27 member states, has unanimously approved the Markets in Crypto-Assets Regulation (MiCA). MiCA requires crypto companies such as wallet providers and trading platforms to seek operating licenses and mandates that stablecoin issuers hold appropriate reserves. (Source link)

ChainCatcher news, according to The Block, after a two-year debate and drafting process, the European Parliament voted on Monday to pass the Markets in Crypto-Assets (MiCA) regulation, with a final vote result of 28 in favor and 1 against. The entire European Parliament will vote on the final approval of the legislation later in October. In addition to MiCA, Members of the European Parliament are also voting on the anti-money laundering legislation, the Funds Transfer Regulation, which requires that transfers made in cryptocurrency include data on both the payer and the payee. This measure is also expected to pass.Previously reported, in March of this year, the European Parliament's Economic and Monetary Affairs Committee (ECON-Ausschuss) announced that it would soon vote on the EU's regulation of the crypto asset market (MiCA). (The Block)