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BeInCrypto’s comprehensive Europe Crypto Roundup covers the latest news and trends shaping the continent’s crypto landscape. With reporters across key markets like Germany, France, and the UK, we provide in-depth insights into evolving regulatory environment, adoption rates, major industry events, and market movements.  This week’s roundup covers Societe Generale’s partnership with Bitpanda, Kraken’s acquisition of a Dutch broker to boost its European expansion, and other major stories. Dutch Regulator Warns of Crypto Pump-and-Dump Risks  The Dutch Authority for the Financial Markets (AFM) has issued a warning about the dangers of cryptocurrency pump-and-dump schemes, just ahead of new European Union regulations under the Markets in Crypto-Assets Regulation (MiCA). MiCA, which will come into effect on December 30, will explicitly ban crypto market manipulation tactics schemes across the Europe. According to an official press release, the AFM will oversee the enforcement of these new rules in the Netherlands. The regulator has investigated several pump-and-dump schemes and plans to enforce strict measures once MiCA takes full effect. A pump-and-dump scheme involves artificially inflating the price of a cryptocurrency by spreading misleading or exaggerated information. Promoters typically buy the asset at a low price, generate hype to attract public investment, and then sell their holdings at the inflated price. Read more: What Is Markets in Crypto-Assets (MiCA)? Hanzo van Beusekom, a member of the AFM’s executive board, highlighted that pump-and-dump schemes “undermine trust” in the crypto market, which is “essential for the long-term potential of digital assets.” Societe Generale Forge Partners with Bitpanda for Euro Stablecoin Global banking giant Societe Generale has teamed up with Bitpanda to expand the role of stablecoins in the financial system. The partnership focuses on promoting Societe Generale’s euro-denominated stablecoin, EUR CoinVertible (EURCV), through its blockchain subsidiary, Societe Generale-FORGE. Bitpanda will help drive mainstream adoption of the EURCV, which…

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Filed under: News - @ September 29, 2024 9:24 pm