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EU regulatory register · MiCA

Article 91Prohibition of market manipulation

CELEX 32023R1114 · Read on 2026-08-18

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Short answer

1. No person shall engage in or attempt to engage in market manipulation.

Verbatim from the article. Source: NovaCopilot · https://legal.exploreworldai.com/eu/rattsakter/mica-2023-1114/artikel-91 · Short answer as data · Official text

MiCA, crypto-assets in short

Crypto-asset service providers need authorisation, and issuers need a white paper. Stablecoins have special rules.

Source: NovaCopilot

Official text

Read from the EU Publications Office for this CELEX number. The wording stands as published; nothing here is rewritten or summarised.

1. No person shall engage in or attempt to engage in market manipulation.

2. For the purposes of this Regulation, market manipulation shall comprise any of the following activities:

(a)

unless carried out for legitimate reasons, entering into a transaction, placing an order to trade or engaging in any other behaviour which:

(i)

gives, or is likely to give, false or misleading signals as to the supply of, demand for, or price of, a crypto-asset;

(ii)

secures, or is likely to secure, the price of one or several crypto-assets at an abnormal or artificial level;

(b)

entering into a transaction, placing an order to trade or any other activity or behaviour which affects or is likely to affect the price of one or several crypto-assets, while employing a fictitious device or any other form of deception or contrivance;

(c)

disseminating information through the media, including the internet, or by any other means, which gives, or is likely to give, false or misleading signals as to the supply of, demand for, or price of one or several crypto-assets, or secures or is likely to secure, the price of one or several crypto-assets, at an abnormal or artificial level, including the dissemination of rumours, where the person who engaged in the dissemination knew, or ought to have known, that the information was false or misleading.

3. The following behaviour shall, inter alia, be considered market manipulation:

(a)

The article continues in the official text.

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