EU watchdogs warn scammers are posing as crypto firms and regulators after MiCA deadline: FT

60-second summary

EU watchdogs are warning of scammers posing as crypto firms and regulators following the July 1 MiCA deadline, as unlicensed operators must wind down or restrict services to EU clients, potentially leaving a void for malicious actors to exploit. This raises concerns of increased phishing and scam attempts targeting vulnerable investors.