Fraudsters have begun impersonating European financial regulators and licensed crypto businesses to exploit customers moving funds after the European Union’s MiCA licensing deadline reshaped the regional crypto market.
Summary
- European regulators have reported a rise in scams targeting crypto users after the MiCA licensing deadline.
- Fraudsters have posed as financial regulators and licensed crypto firms to steal customer assets.
- ESMA has warned that criminals are using its name, logo and fake documents to deceive users.
- More than 1,700 unlicensed crypto firms were expected to leave the EU market after MiCA took effect.
- Customers moving assets to authorized providers…
