The European Securities and Markets Authority (ESMA) warned about fraudulent use of its logo and identity in fake documents promoting scams, following the July 1 deadline for MiCA registration. Out of more than 1,700 unlicensed firms forced to cease operations in the European Union, only 323 obtained a MiCA license. National regulators like France’s AMF reported cases where scammers impersonated their staff to redirect clients to fake websites. According to Chainalysis, losses from crypto scams and fraud reached $17 billion in 2023, compared to $6 billion in 2020.
Source: Read the original article
