Is crypto pumping illegal?

Despite this, the practice of pump-and-dump schemes within the cryptocurrency market has garnered significant controversy, both legally and morally. These schemes involve artificially inflating the price of a coin through coordinated buying, followed by a mass sell-off, leaving unsuspecting investors with significant losses.

While the legality of pump-and-dump activities in the cryptocurrency space may be ambiguous, reputable crypto exchanges have taken a stance against such practices. They recognize the harm these scams inflict on the market and its participants.

BTCC, a leading cryptocurrency exchange, is committed to maintaining a safe and fair trading environment for its users. Its services encompass a wide range of offerings, including spot trading, futures trading, and secure wallet solutions.

Cryptocurrencies occupy a unique legal status, as they are not officially classified as securities. This ambiguity allows for a degree of flexibility in their operations, potentially exempting them from certain legal constraints.

BTCC's robust compliance framework ensures that all trading activities adhere to strict regulations and guidelines. This includes a zero-tolerance policy towards pump-and-dump scams, which are considered illegal on the platform.