Quantcast

Binance announces new crypto transfer rules for Polish users to align with MiCA guidelines

CRYPTO NEWS AROUND THE GLOBE
IMF deal to ban public sector ‘Bitcoin accumulation’ in El Salvador
Bitcoin: Michael Saylor's company pauses BTC purchases
Head of law enforcement training at Binance: We need 'a unified approach between law enforcement and industry leaders'
Bitcoin Sell-Off Could Be a Textbook 'Breakout and Retest' Play: Godbole
CEO of Binance on crypto market turbulence: 'A tactical retreat, not a reversal'
Bybit hack forensics show SafeWallet compromise led to stolen funds
Bitcoin News: U.S. Spot Bitcoin ETFs See Record Single-Day Outflow of Over $900M as Carry Trades Yield Less Than the 10-Year Treasury Note
How DeFAI can scale safely in the age of AI
CZ unveils crypto investment portfolio with a 98.5% allocation to BNB, 1.3% to BTC
New SEC Cyber Unit Closes Chapter on Agency's Crypto Enforcement Emphasis
SEC Launches Fraud Unit That Exploits Crypto, AI Enthusiasm
CZ on aid for Argentinian rug pull victims: 'Sent 150 BNB. Good luck'
CEO of AUSTRAC on non-AML compliant crypto exchanges: They 'can expect to hear from us'
Memecoin LIBRA in Argentina: A look back at a future state scandal? Crypto Dossier
U.S.-Listed Bitcoin Miners Are Growing Their Share of the Network Hashrate: Bernstein
Governor of Bank of Italy: Crypto 'regulatory divergences between the U.S. and Europe will need to be carefully assessed'
Blockchain Wars: BNB Chain Overtakes Solana and Ethereum in Daily Fees
Former prosecutor of DOJ: The corporate monitorship system is 'in dire need of reform'
CEO of Crypto Council for Innovation: 'SEC initiated more than 125 enforcement actions' but issued 'no clear guidance or rulemakings'
District Judge on Coinbase lawsuit: Coinbase 'sells digital assets qualifying as "securities" without registering with' SEC
Bitcoin: Michael Saylor and Strategy add 7,633 BTC to their treasury
USDC hits $56.3B market cap, regains losses from bear market
U.K. Man Wants to Buy Landfill Site in Search for Lost $784M of Bitcoin: Report
European Central Bank (ECB) hopes Trump's pro-crypto policy will accelerate digital euro
Chairman of Czech Cryptocurrency Association on new crypto laws: ‘Key part of the future of the Czech economy’
U.S. Regulator Pursuing Tokenization Pilot to Tap Stablecoins as Collateral
BaFin announces warning on unlicensed services by CoinCapitals and EasyInvestingPro
Attorney on Operation Choke Point 2.0: 'The government should fix what it has broken'
French crypto entrepreneur on Binance France investigation: 'timing is perfect' to 'secure full cooperation' with crypto tax
Alchemy Pay acquires Korea Electronic Financial Business registration
All Crypto News Around The Globe
Binance announces new crypto transfer rules for Polish users to align with MiCA guidelines
Web3/Crypto
Webp headshots 1
Richard Teng, CEO of Binance | Instagram.com

Binance announced that, starting January 20, 2025, Polish users will be required to provide additional sender and beneficiary information for crypto deposits and withdrawals above €1,000 to comply with European Union (EU) regulations. The update was posted on their website on January 16.

According to their website, Binance Poland will require users to provide detailed sender and beneficiary information for crypto deposits over €1,000 and all withdrawals. This update aligns with EU regulatory requirements and aims to enhance compliance with Markets in Crypto-Assets (MiCA) guidelines. Transactions may be delayed or returned if the required information is not provided during deposits or withdrawals.

The European Union's website states that the MiCA Regulation, effective from December 30, 2024, establishes a unified framework across the EU for the issuance and provision of services related to crypto-assets. The regulation aims to enhance consumer protection, ensure market integrity, and foster innovation within the crypto-asset sector.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

As of January 2025, Binance has secured regulatory approvals in 21 countries. This includes recent authorization from Brazil's Central Bank for the acquisition of a locally licensed broker-dealer, marking its 21st global regulatory milestone. According to FF News, this extensive compliance highlights Binance’s commitment to adhering to international standards and fostering trust within the global crypto community.

According to its website, Binance was founded in 2017 by Changpeng Zhao and is the largest cryptocurrency exchange by trading volume. It provides a wide range of services including crypto trading, blockchain education, and decentralized finance with operations spanning over 180 countries worldwide. Binance holds regulatory compliance and innovation as key drivers for global crypto adoption.

Richard Teng has been Binance's CEO since 2023. He previously held leadership roles at the Monetary Authority of Singapore, Singapore Exchange, and Abu Dhabi Global Market. His expertise lies in financial services and regulatory compliance according to Binance's website.

More News

European Crypto Initiative co-founder: MEV counter-measures should consider 'DeFI users and crypto-assets market integrity'

Marina Markezic, co-founder of the European Crypto Initiative, said that increased regulatory attention on Maximal Extractable Value (MEV) necessitates counter-measures to protect users and maintain market integrity while ensuring blockchain...

Jul 16, 2025

Founder of Binance on Bloomberg coverage: 'Might have to sue them again for defamation'

Changpeng Zhao, founder of Binance, has said that a Bloomberg article contained multiple factual errors and suggested that legal action for defamation could be considered again.

Jul 16, 2025

Ethereum co-founder: Privacy protections create 'a more secure world with stronger freedoms'

Vitalik Buterin, co-founder of Ethereum, has emphasized the importance of robust privacy protections for security.

Jul 16, 2025

Chief Market Strategist of Creative Planning on S&P 500: 'There is no impossible in markets'

Charlie Bilello, Chief Market Strategist at Creative Planning, said that the S&P 500's strong rebound from a steep early-year loss to a year-to-date gain illustrates the unpredictability and resilience of markets.

Jul 16, 2025

Binance unveils world’s first Sharia-compliant multi-token staking product

Binance has announced the launch of Sharia Earn, a multi-token staking product designed to comply with Islamic finance principles.

Jul 16, 2025

Ripple CEO in Senate testimony: We help 'financial institutions reduce friction, unlock efficiencies, and serve their customers better'

Brad Garlinghouse, CEO of Ripple, said that the company enables global financial institutions to enhance cross-border payments and efficiency through digital technology.

Jul 9, 2025

Crypto Comments
Loading...

No comments available.

Trending
1

Binance unveils world’s first Sharia-compliant multi-token staking product

2

Founder of Binance on Bloomberg coverage: 'Might have to sue them again for defamation'