Is spoofing illegal in the cryptocurrency market?

1 answers

• Dec 28, 2021 · 3 years ago
  Spoofing is illegal in the cryptocurrency market as it is in other financial markets. It involves placing fake orders to manipulate prices and deceive other traders. Regulatory bodies, such as the Securities and Exchange Commission (SEC) in the United States, have taken measures to crack down on spoofing activities. Traders found guilty of spoofing can face civil and criminal charges, including fines and imprisonment. It is important for traders to understand the legal consequences of engaging in spoofing and to trade responsibly and ethically.
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