EU watchdogs warn of impersonation scams amid MiCA licensing shakeout

60-second summary

EU watchdogs are warning of impersonation scams targeting customers searching for licensed crypto providers, with criminals using fake websites and falsified documents to deceive victims. Over 30,000 crypto providers are expected to apply for MiCA licenses, creating a lucrative opportunity for scammers. This highlights the need for increased vigilance in the EU crypto market.