Polish regulator warns against trading on Binance – Bits Media

Regulator shelf, opposing Binance, arrived: Polish Commission for Financial Supervision (PFSA) issued a warning that, that trading on Binance is not regulated by laws.

In a statement
PFSA emphasizes, that according to Polish laws, cryptocurrency The market is not regulated, There is no supervision behind them. Therefore, the regulator warned investors about risks, related to trade in binance:

“In support of our foreign colleagues and to protect participants in the financial market PFSA, it recommends to be particularly cautioned when using the services of organizations of the Binance group, and when trading cryptocurrencies. This can lead to a significant risk of losing money ".

In January, the Polish regulator issued a general warning about the risks of digital assets trading and emphasized, that the cryptocurrency market in the country is not regulated.

In his statement, PFSA will remind, that recently warnings about the trade of crypto actures on the Binance exchange were released by the UK, Kaymanov island, Japan
and Germany. And Thailand securities commission started a criminal case against Binance on charges of illegal financial transactions.