Polish financial regulators issued a public alert
regarding the activities of Foris DAX MT, a Malta-based company operating under
the Crypto.com brand. The regulator cautioned investors about possible
unauthorized financial services offered by the firm.
The warning highlighted that the Polish Financial
Supervision Authority (KNF) is monitoring DAX MT’s financial operations within
the country. Crypto.com has reportedly been added to a list of flagged
companies under KNF’s oversight, Cointelegraph reported.
Regulatory Concerns
The KNF reportedly directed its concerns toward Foris
DAX MT, saying that the company may
lack the necessary licenses to provide financial services in Poland. According to a representative from KNF, Polish law
mandates licenses for entities offering brokerage or investment services. The
case has now been referred to the Warsaw Regional Prosecutor’s Office for
further evaluation.
Expect ongoing updates as this story evolves.
This article was written by Jared Kirui at www.financemagnates.com.
