Markets
CoinEx’s VASP Authorization in Poland Targets European Crypto Market
CoinEx, a global cryptocurrency exchange, recently announced that it has obtained authorization as a Virtual Asset Service Provider (VASP) in Poland. This development is expected to strengthen CoinEx’s position in the European cryptocurrency market.
This represents a step forward in CoinEx’s strategic expansion efforts in Europe. The company recognizes the vast potential inherent in the European cryptocurrency market and remains focused on providing a safe and user-friendly trading environment for both investors and traders.
Haipo Yang, CEO of CoinEx, expressed his excitement, stating: “Obtaining VASP registration in Poland is a testament to our unwavering dedication to providing a safe and regulated trading environment for our users. We are excited to expand our operations in Europe. This achievement reinforces our commitment to driving global adoption of
cryptocurrencies and promote the growth of the digital asset ecosystem.”
CoinEx, founded in 2017, is a global cryptocurrency
exchange focused on facilitating commerce with a variety of services for more than 5 million users in 200 countries and regions. The company has listed over 1,000 tokens and over 1,400 trading pairs, allowing users to access a wide range of cryptocurrencies.
Alignment with the EU MiCA Regulation for Cryptocurrencies
Meanwhile, Poland’s cryptocurrency market faces increased oversight with the imminent adoption of European Union cryptocurrency market regulation in domestic law, as reported by Finance tycoons.
The proposed legislation grants new powers to Komisja Nadzoru Finansowego, including the ability to freeze cryptocurrency accounts for up to 96 hours on suspicion of criminal activity, extendable for six months with prosecutorial consent. However, concerns are emerging among investors regarding the lack of clarity surrounding the reasons for account freezing, potentially leading to uncertainty and misuse of regulatory authority.
CoinEx, a global cryptocurrency exchange, recently announced that it has obtained authorization as a Virtual Asset Service Provider (VASP) in Poland. This development is expected to strengthen CoinEx’s position in the European cryptocurrency market.
This represents a step forward in CoinEx’s strategic expansion efforts in Europe. The company recognizes the vast potential inherent in the European cryptocurrency market and remains focused on providing a secure and easy-to-use trading environment for investors and traders alike.
Haipo Yang, CEO of CoinEx, expressed his excitement, stating: “Obtaining VASP registration in Poland is a testament to our unwavering dedication to providing a safe and regulated trading environment for our users. We are excited to expand our operations in Europe. This achievement reinforces our commitment to driving global adoption of
cryptocurrencies and promote the growth of the digital asset ecosystem.”
CoinEx, founded in 2017, is a global cryptocurrency
exchange focused on facilitating commerce with a variety of services for more than 5 million users in 200 countries and regions. The company has listed over 1,000 tokens and over 1,400 trading pairs, allowing users to access a wide range of cryptocurrencies.
Alignment with the EU MiCA Regulation for Cryptocurrencies
Meanwhile, Poland’s cryptocurrency market faces increased oversight with the imminent adoption of European Union cryptocurrency market regulation in domestic law, as reported by Finance tycoons.
The proposed legislation grants new powers to Komisja Nadzoru Finansowego, including the ability to freeze cryptocurrency accounts for up to 96 hours on suspicion of criminal activity, extendable for six months with prosecutorial consent. However, concerns are emerging among investors regarding the lack of clarity surrounding the reasons for account freezing, potentially leading to uncertainty and misuse of regulatory authority.