• blockchain&beyond
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  • 03 Oct 24

Memecoins under attack: the Netherlands has declared war on pumps and dumps

Following Germany, the Netherlands has declared war on crypto. Something is definitely happening in Europe. Memecoins are likely to be the most affected.

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Following the persecution of crypto in Germany, another news in the same vein from the Netherlands:


The Dutch Financial Markets Authority (AFM) will start to fight against the pumps and dump of cryptocurrency exchange rates - employees of the agency will monitor social networks and the dynamics of digital asset exchange rates in order to identify facts of market manipulation and punish the perpetrators.


According to the results of social surveys, in total, residents of this country have already invested in digital assets about $33.6 billion.

In fact, it turns out that the financial service of the European state will investigate pumps and dumps, most of which occur in the sector of memecoins. At least this is discussed in full earnest in a country with very liberal views in the field of morality, where crypto still, apparently, could not digest.

Recall that earlier in early September, German security services closed a huge number of local crypto-businesses. In response, there was self-organization of the crypto community and the creation of a legal lobby.

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