European regulators have warned of a rise in crypto scams after MiCA licensing rules took effect, with fraudsters impersonating watchdogs and licensed firms.

European regulators have warned of a rise in crypto scams after MiCA licensing rules took effect, with fraudsters impersonating watchdogs and licensed firms.

Fraudsters have begun impersonating European financial regulators and licensed crypto businesses to exploit customers moving funds after the European Union's

EU regulators warn of surging crypto scams following MiCA licensing deadline. Over 1,700 unlicensed firms exit as fraudsters impersonate authorities.