KNF adds Crypto.com to warning list

Home
»
Stories
»
2024
»
November

CRYPTO NEWS AROUND THE GLOBE

A closer look at the tough month for spot bitcoin ETFs

ETFs on pause but investors are starting to buy back, what consequences?

Crypto investment outflows reach 3-week streak with $435m

Renzo is coming to Binance Launchpool: how to participate to earn REZ tokens?

Bitcoin halving was 'not priced in' despite recent correction, analyst says

Bitcoin Price Prediction: Surges to $64,500, Rare 'Epic Sat' Sells for $2.1M

Crypto: A $500 million liquidation threat on Ethereum

The European Union Strengthens Controls On Cryptos: True Or False?

Alien CryptoPunk sells for $12.5m as rare NFT trading heats up

Crypto: FTX is getting rid of its Solana, what impact on the price of SOL?

Renzo’s ezETH falls as low as $700, leading to $56m in liquidations

Meet this ex-poker tournament organizer who is launching his euro stablecoin

Bitcoin: Btc Outperforms Tesla (Tsla) Stock For The First Time Since 2019

A drawdown for DEXs: Traders on Ethereum hits lowest level since February

NEKO Cat Token Soars 7,100% and All Eyes Turn to This New Dog Coin That Just Secured $10 Million Funding

Ethereum Vs Restaking: Eigenlayer Facing A Yield Crisis?

SafeMoon CEO John Karony Claims He's "Innocent" Of Multi-Million Crypto Fraud Scheme

Shiba Inu (SHIB) raises $12 million to create layer 3 based on anonymity

Turkey's investing app Midas raises $45m to double down on crypto

Swiss Bitcoin advocates launch campaign to include BTC in National Bank reserves

Crypto & Web3: Things to watch closely this week

Find out how to transform 10 euros into 100k with Bitcoin Runes

After 6 weeks of accumulation, Ethereum ready to soar? ETH analysis of April 19, 2024

Best Crypto to Buy Now April 19 – Bitcoin, Dogwifhat, THORChain

Billionaire Mark Cuban weighs in on the bitcoin halving

Why Brevan Howard’s crypto boss plans to tap AI and blockchain opportunities

Worldcoin launches layer 2 blockchain as eye scanning venture hits 10m users

Europe dominates crypto banking with 63 providers

French Usual raises $7M with its stablecoin USD0

Binance teams up with European universities to train students in Web3

All Crypto News Around The Globe

KNF adds Crypto.com to warning list

Kris Marszalek, co-founder & CEO of Crypto.com | Crypto.com

By Crypto Republique

Nov 12, 2024

The Polish Financial Supervision Authority (KNF) has added four entities to its public warning list, including Foris DAX MT Limited, operating as Crypto.com. This development was reported by Forex Club and highlights regulatory concerns regarding these entities.

According to Forex Club, the warning follows a notification concerning illegal investment activities under the Act on Trading in Financial Instruments. Specifically, it relates to operations conducted without the necessary KNF authorization.

The KNF's list also includes Vintanse Group, suspected of operating as a scam, along with Hudson Hill Trust S.A. and ENTER Marcin Żabiński. These companies have been flagged for potential violations of financial regulations. Authorities have advised the public to remain cautious.

Get the Newsletter

Sign-up to receive weekly round up of news from Crypto Republique

Crypto.com is a platform facilitating the buying, selling, and trading of over 350 cryptocurrencies, including Bitcoin and Ethereum. It offers services such as zero-fee USD deposits, access to a Commodity Futures Trading Commission (CFTC)-regulated crypto derivatives market, a rewards program, and a Visa card providing cashback on purchases. Established in 2016, Crypto.com claims over 100 million users globally and provides additional features like recurring buys and crypto earn options through its app.

The Polish Financial Supervision Authority (KNF) oversees Poland's financial market. Its responsibilities include licensing and regulating financial institutions such as banks, insurance companies, and pension funds. The KNF monitors compliance with legal requirements and can impose penalties or revoke licenses if necessary. It issues recommendations to improve market practices and conducts control procedures within supervised entities independently of external requests but reviews reports of irregularities as part of its supervisory duties.

Forex Club is an informational website about the Forex currency market that provides details on brokers and other companies in the market along with tools and programs.