MiCA Licensing Chaos Attracts Crypto Scammers Across Europe Fraudsters are impersonating both crypto companies and their regulators as customers scramble to find licensed providers under the EU's new MiCA regime. French watchdog AMF says the transition period has become a prime opportunity for scammers. Per reports. fraudsters use fake regulator identities and forged documents. Customers of unlicensed exchanges face higher phishing risks. Authorities warn investors not to rush asset transfers. Data provider VASPnet estimates more than 1,700 unlicensed crypto companies must cease EU operations after missing the MiCA licensing deadline. Only 323 firms have secured approval so far, according to ESMA's updated list. Source: Financial Times