Crypto.com receives public warning from Polish regulators

ChainCatcher news, according to Cointelegraph, the Polish Financial Supervision Authority (KNF) has issued a public warning to Foris DAX MT, a company based in Malta operating under the Crypto.com brand, stating that it is suspected of conducting unauthorized financial activities in Poland.

The KNF warning is not a ban, but a reminder for Polish investors to consider the potential risks associated with the platform. This warning is significant, but the KNF has not blacklisted the company.

In Poland, the KNF's public warning list informs citizens about companies that may be engaged in unauthorized financial activities. Jacek Bardzczewski, head of the KNF department, explained that under Polish law (specifically Article 178 of the Trading in Financial Instruments Act), entities providing brokerage or investment services must hold the appropriate licenses to operate legally.