Poland Authorities have come up with their aggression against the most known cryptocurrency exchange Binance. The country’s watchdog for financial activities has issued a warning to the public against dealing with the cryptocurrency exchange.
According to regulators, the exchange is facing lots of regulatory issues globally, and as a result, consumers should be wary of it.
Related Reading | Binance CEO Changpeng Zhao States, “Compliance Is A Journey.”
There has been a lot of scrutiny on Binance in recent times. Many countries, including the UK, US, Canada, etc., are clamping down on the exchange activities in their country. Binance is the largest exchange globally, but it seems the growth attracts more financial watchdogs every day.
Cryptocurrency Exchange Binance Is Unregulated, Polish Watchdogs State
The Polish Financial Supervision Authority took the Binance issue a step further. The regulatory watchdog released a statement to inform the public that Binance is not regulated in Central Europe.
According to their statement, the cryptocurrency sector