Pump and Dump - page 2. | Bitcointalksearch.org

lordquanta

sr. member

Activity: 770

Merit: 268

Quote from: wilburwilbur on January 04, 2018, 11:43:42 PM

Is pump and dump illegal or not?
if not can you share a link of it ?

As far as bitcoin or crypto currency is concerned then pump and dump is common phenomenon. You could find these kind of practices across all the exchanges across the world that too on regular basis. Interestingly bitcoin has its spread across the globe thus it is difficult pump and dump in specific exchange. However this kind of practice also result in reverse way as well. That is if bitcoin price in specific exchange could trigger other exchanges to follow the same suit.
Same is true for the alt-crypto currencies.

bitperson

full member

Activity: 210

Merit: 119

It's not possible to make a global blanket statement such as 'pump and dump is illegal'. One would need to know exactly what the OP means by 'pump and dump'. Laws differ between jurisdictions, so what is illegal in one country might be legal in another. Even if legislation has been passed against stock market manipulation, those laws might not apply to crypto currencies. Finally, it's unclear what definition of 'illegal' the OP is using - criminalised as in might land you in jail, or sanctionable by e.g. punitive tax?

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: wilburwilbur on January 04, 2018, 11:43:42 PM

Is pump and dump illegal or not?

any form of market manipulation is considered illegal in any country as far as i know. and pump and dump is officially a form of "fraud" which is inflating prices through false and misleading positive statements, so that the manipulator can dump what he bought at a higher price.

Quote

if not can you share a link of it ?

https://www.google.com/search?q=Is+it+legal+to+pump+and+dump

wilburwilbur

member

Activity: 266

Merit: 33

Is pump and dump illegal or not?
if not can you share a link of it ?

Topic: Pump and Dump - page 2. (Read 306 times)