Original sourceCrypto.newsAdditional: CoinGabbar
Summary
The EU's MiCA transition period ends on July 1; unauthorized crypto asset service providers (CASPs) must cease operations and transfer clients to licensed firms or self-custody wallets. Regulators warn scammers are exploiting the process via impersonation, fake notices, and phishing sites. Data sho…
Key points
- Avoid falling victim to scams during the MiCA migration by understanding the importance of compliant providers.
- MiCA enforcement triggers mass platform exits, heightening asset migration risks and scam opportunities.
- Users should check the ESMA register and be alert to fake notifications to ensure assets are moved to licensed platforms.
Editorial note
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