Polish customers of Binance have to agree to new terms and conditions to be released from Binance’s entity in Poland.
Binance Poland has announced its full compliance with Polish regulations for digital asset service providers. The crypto exchange also planned to grow its acquisition of local talent, educational initiatives, and events in the European country.
Binance declared that it wishes to improve its presence in Poland and continue to adhere by the country’s regulations. According to the company, its priority is to enable customers to benefit from the best and safest experience it can provide. Global Binance commends its Polish entity for remaining completely compliant with Polish regulations for digital assets.
According to the head of Ukraine and eastern Europe of the crypto exchange, the cryptocurrency industry requires appropriate and effective regulation to increase crypto adoption in the mainstream. Binance is a firm believer in an ecosystem ruled by stable regulations which can encourage innovation and is necessary to increase trust in the crypto industry.
In 2023, Binace Poland has planned to grow its development locally and continue to adhere to the laws in Poland. Poland is one of the many EU countries in which Poland received approval from regulators, amongst Cyprus, France, Italy, Lithuania, Spain, and Sweden.
According to the Poland Country Manager of Binance, the company chose to comply with Polish VASP standards fully in order to adopt AML and risk policies to improve security.