Binance Cryptocurrency Trading Platform announceplan on 18 January that to meet the new requirements Polish users will have to sign new terms and conditions with Binance Poland in order to continue using the company’s services.
Binance Poland sp. zoo, the Polish arm of Binance, will comply with Polish regulatory standards for virtual asset service providers (VASPs), which require Polish users to sign new terms and conditions with Binance. Poland to use the services of the Company
Kyrylo Khomiakov, Binance’s Head of Ukraine and Eastern Europe, stated that the company believes effective regulation is necessary for the mainstream adoption of digital assets. He also emphasized Binance’s commitment to security and rigorous Know Your Customer compliance.
“The crypto industry needs effective and proper regulation to help mainstream adoption of digital assets. And we strongly believe that a stable regulatory environment can foster innovation. It is also critical to building trust in the industry and long-term growth.”
Katarzyna Wabik, Binance’s country manager for Poland, also noted that the company is fully compliant with Polish standards for VASPs, and that the company is focusing on successfully migrating users to the Polish entity. and recruiting local talent
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