EU regulators are reporting a surge in impersonation scams since the July 1 deadline set by the Markets in Crypto-Assets (MiCA) Regulation. Fraudsters are creating fake websites and impersonating representatives of authorities such as the AMF and ESMA to redirect users toward fraudulent asset transfers. By the end of July, only 323 crypto companies had obtained a license according to ESMA’s list. Data provider VASPnet had previously estimated that more than 1,700 unlicensed companies would need to cease their operations in the European Union. Customers forced to move their assets to authorized providers are a prime target for these scammers.
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