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YoBit has launched a countdown timer in wake of plans to randomly pump altcoins as a way of attracting traders to their platform. Since this can artificially increase the price of these coins, is there some regulation against this market manipulation?
asked in Cryptocurrency 76 points

1 Answer

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Pump-and-dump actions have been hunted nearly to extinction on regulated exchanges, due to its illegal nature. But as of present, pump-and-dump groups can operate with relative freedom on cryptocurrency stock exchanges because they are not overseen by the U.S. Securities and Exchange Commission (SEC).
answered 88 points
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