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Binance Moves Forward With Local Development and Regulatory Compliance in Poland

2023-01-18

Main Takeaways

  • Binance’s entity in Poland is fully compliant with local regulatory standards for virtual asset service providers.

  • Polish residents registered with Binance are currently being asked to sign new Terms and Conditions with Binance Poland sp. z o.o.

  • The company has announced plans to ramp up local talent acquisition, events, and educational initiatives in Poland.

Binance is pleased to announce plans enhancing its local presence in Poland, alongside a continued commitment to full regulatory compliance.

Binance is pleased to announce that it’s enhancing its local presence in Poland, alongside a continued commitment to full regulatory compliance. As always, Binance’s priority is on providing users with the best and safest experience possible. For Binancians in Poland that comes with the knowledge that the services being offered to them are fully compliant with local regulatory standards for virtual asset service providers (VASPs) thanks to Binance Poland sp. z o.o. — Binance’s Polish entity.

Binance’s plans for its operations in Poland in 2023 build upon Binance Poland sp. z o.o. local development, and its strict adherence to Polish regulatory standards. As part of this process, Polish users are to sign new Terms and Conditions with Binance Poland sp. z o.o. in order to continue using Binance’s services. 

Kyrylo Khomiakov, Binance’s Head of Ukraine and Eastern Europe, said: “The crypto industry needs effective and appropriate regulation to help with mainstream adoption of digital assets. We strongly believe that a stable regulatory environment can support innovation and is essential to establishing trust in the industry and long-term growth.

“We welcome the initiatives of the Polish government towards regulation. Working together with regulators globally, we can ensure that consumers are protected while continuing to cultivate innovation and progress. And we at Binance continue improving our security systems and following the strictest KYC requirements in the industry, which enhances the safety of all our users.”

Poland has joined a growing list of the EU Member States where Binance has been granted registrations, following France, Italy, Lithuania, Spain, Cyprus, and Sweden. Visit our dedicated Licenses, Registrations and Other Legal Matters page for further details on Binance’s global regulatory approvals and registrations.

Katarzyna Wabik, Binance’s Country Manager for Poland, added: “We fully comply with Polish standards for VASPs and make this step to ensure that Binance Poland sp. z o.o. has adopted risk and AML policies to match these exacting standards. 

“Our current focus is the successful user migration to the Polish entity and the development of local operations. We’re also prioritizing local recruitment and talent scouting to help us strengthen our regional presence, organizing more events and delivering crypto education in Poland.”

There are already roles available dedicated solely to the Polish entity, as part of Binance’s commitment to expanding local operations within the country. Specifically, within compliance, finance, and operations. See the Binance jobs board for details.

Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading, finance, education, data, research, social good, investment, decentralization and infrastructure solutions, and more.

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