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    Polish Financial Watchdog Issues Warning Against Crypto.com’s Affiliate Foris DAX MT

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    The Polish Financial Supervision Authority (KNF) has warned about unregulated financial activities by Crypto.com-related company, Foris DAX MT. While the KNF’s warning is not a ban, it urges caution to potential investors. Crypto.com is overseeing the issue with its lawyers to address any concerns from Polish authorities. In Poland, companies need regulatory approval to provide investment or brokerage services. Meanwhile, Crypto.com’s CEO, Kris Marszalek, is planning to sue the US SEC, citing its actions have negatively affected American crypto users.

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    The Polish Financial Supervision Authority (KNF) has given a heads-up about Foris DAX MT, a company based in Malta. This company is related to Crypto.com and has been doing some unregulated financial stuff in Poland. Though this warning from KNF isn’t an outright block, it’s more of a “be careful” to people in Poland who want to invest.

    Tomek Kolodziejczuk, a big fan of Bitcoin in Poland and a spokesperson for Alby, clarified that KNF’s warning is a notable heads-up, but the company, Crypto.com, has not been blacklisted.

    A rep from Crypto.com said that they are already on top of things. They’re aware of this warning and are working side by-side with their lawyers to answer any questions that the Polish authorities may have.

    Over in Poland, the KNF’s warning list helps keep people in the know about companies that might not be operating by the book when it comes to financial activities.

    One of the big wigs at KNF, Jacek Bardzczewski, clarified that in Poland, companies can’t give brokerage or investment services unless they have the legal papers to do so.

    Not only that, but Crypto.com’s co-founder and CEO, Kris Marszalek, is also causing a stir in the US. He’s planning to sue the US Securities and Exchange Commission. Marszalek believes the SEC’s actions have negatively impacted a large number of American crypto users and his action is in response to that. He also hopes that the lawsuit can bring about more clarity in the regulation of the crypto industry.

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