EU regulators have issued a fresh warning to cryptocurrency users about a sharp increase in impersonation scams following the conclusion of the MiCA (Markets in Crypto-Assets) transition period on July 1, 2026. Fraudsters across Europe are posing as regulators and authorized crypto firms, targeting customers of platforms that failed to secure MiCA approval.
These criminals use fake emails, websites, and official-looking documents to trick victims into moving funds or sharing sensitive information. The European Securities and Markets Authority (ESMA) has specifically flagged fraudulent messages that misuse its name and branding.
In a post on its official LinkedIn account, ESMA stated: “ESMA does not request personal data or payments through unsolicited emails.” The regulator urged users to verify any suspicious communication before taking action.
France’s financial regulator, the Autorité des Marchés Financiers (AMF), has reported similar incidents where scammers impersonated its staff, directing victims to bogus websites and asking them to transfer crypto assets.
By late July, ESMA’s official register listed 323 authorized crypto firms. However, more than 1,700 unlicensed firms could face closure or relocation, creating confusion that scammers are exploiting. Users searching for new regulated platforms are particularly vulnerable.
To stay safe, regulators advise always checking a provider’s legal name against the official ESMA register before transferring funds. Avoid clicking links from unexpected emails, calls, or social media messages. Legitimate authorities will never ask for seed phrases, private keys, passwords, or payments via unsolicited communications.
The MiCA transition aims to strengthen crypto market oversight, but fraudsters are taking advantage of the resulting uncertainty. Remaining vigilant is crucial.
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