4 hours ago
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Key Takeaways
- Providers not authorised or otherwise permitted to operate under MiCA had to wind down their EU services after the transitional period ended on July 1, 2026.
- Fraudsters are impersonating regulators and crypto businesses through fake websites, documents and support accounts.
- ESMA and national regulators do not instruct consumers to transfer crypto to regulator-controlled wallets.
- A provider’s valid authorisation does not prove that a message, website or social-media account genuinely belongs to it.
- Users should verify the legal entity, communication channel and requested action before moving funds.
Customers can genuinely receive instructions to withdraw assets, migrate accounts or select another provider after a platform is no longer permitted to serve EU clients.
According to reporting by the Financial Times, several EU watchdogs have seen an increase in impersonation scams since t...
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