EU WATCHDOGS WARN SCAMMERS ARE POSING AS CRYPTO FIRMS AND REGULATORS

Summary from the TLDR Crypto newsletter

French regulator AMF, Dutch watchdog AFM, and ESMA warned of rising scams exploiting the July 1 MiCA compliance deadline, with fraudsters impersonating AMF staff and misusing ESMA's logo to direct victims to fake sites. ~320 entities have secured MiCA licenses as of August 5, while VASPnet estimates over 1,700 firms, including Binance, must wind down or restrict EU services for missing the deadline. AMF has avoided setting an aggressive shutdown timeline for unlicensed exchanges to limit scam exposure.