CoinVoice has recently learned that according to Cointelegraph, the Polish Financial Supervision Authority (KNF) issued a public warning to Foris DAX MT, a Malta-based company operating under the Crypto.com brand, alleging that it was suspected of conducting unauthorized financial activities in Poland.
The KNF warning is not a ban, but rather a reminder for Polish investors to consider the potential risks associated with the platform. The warning is significant, but the KNF did not blacklist 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 Section 178 of the (Financial Instruments Trading Act)), entities that provide brokerage or investment services must hold the appropriate licenses to legally conduct business. [Original link]