Crypto.com Under Probe in Poland for Possible Unauthorized Activities

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 ConcernsThe KNF reportedly directed its concerns toward Foris DAX MT, the Malta-based operator of Crypto.com, asserting 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.