EU Regulators Warn Crypto Users of Impersonation Scams During MiCA Transition

European regulators have warned crypto users about a rise in impersonation scams following the implementation of the Markets in Crypto-Assets (MiCA) framework. Fraudsters are reportedly posing as financial watchdogs and licensed crypto firms to deceive users of exchanges that failed to secure MiCA authorisation. Authorities have urged investors to verify communications carefully as thousands of unlicensed crypto businesses are expected to exit the European market under the new regulatory regime.
Source: gadgets360-tech