MiCA Scam Alert: Fraudsters Pose as EU Regulators
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3 Articles
Malta Regulator Flags Surge in Crypto Scams Exploiting MiCA Transition
The Malta Financial Services Authority has warned consumers about an increase in fraudulent schemes targeting crypto-asset holders during the European Union's transition to the Markets in Crypto-Assets Regulation.In an earlier review, ESMA said the MFSA had adequate resources and expertise but identified areas where it could strengthen its authorisation process for crypto firms. The MiCA transition period has created uncertainty that the MFSA sa…
MiCA Scam Alert: Fraudsters Pose as EU Regulators
MiCA scam warnings are spreading across the EU after regulators told the Financial Times that fraudsters are impersonating watchdogs like the AMF and ESMA. The scams target users forced to move funds off exchanges that missed the July 1 MiCA licensing deadline.
Fraudsters are taking advantage of the lack of clarity generated by the new European regulation on cryptocurrencies and try to steal money from customers by supplanting identity...
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