The Polish Financial Supervision Authority (KNF) has issued a public warning to Foris DAX MT, a Malta-based company operating under the Crypto.com brand, for suspected unauthorized financial activities in Poland.
The KNF warning is not a ban, but rather a reminder for Polish investors to consider the potential risks associated with the platform. The warning is significant, but the KNF has not blacklisted the company.
In Poland, the KNF's public warning list informs citizens about companies that may be engaged in unauthorized financial activities. Jacek Bardzczewski, head of the KNF department, explained that under Polish law (specifically Section 178 of the Financial Instruments Trading Act), entities providing brokerage or investment services must hold an appropriate license to legally conduct business.