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KNF
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Payments
Fintech Giant Claims Banks Blocked Transfers for 14 Years in Market-Share Fight
2024-11-04T12:41:46.219+02:00
Cinkciarz.pl accuses banks of systematically blocking $300 million in funds over a decade.
The company has filed complaints with multiple regulatory bodies and seeks criminal investigations against bank executives.
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Damian Chmiel
Payments
Polish KNF Decision Pushes Conotoxia Into Investment Hunt
2024-10-23T14:35:24.492+02:00
Cinkciarz.pl brand operator is in “advanced talks” with international investment funds.
The company plans to challenge the KNF decision while simultaneously pursuing legal action against local banks.
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Payments
Cinkciarz.pl and Conotoxia Plan to Sue 10 Banks for a Total of 6.5 Billion Zlotys
2024-10-15T09:22:00.060+02:00
Citibank and PKO BP have just joined the growing list. They are allegedly accused of collusion.
Moreover, the Polish fintech giant claims that the local market watchdog "violates the law" and its regulations "destroy" companies.
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Payments
Conotoxia Alleges Polish KNF “Violates the Law” and Regulations “Destroy” Companies
2024-10-14T09:20:12.556+02:00
The local fintech giant is challenging the financial regulator's decision to revoke its payment services license.
It claims the watchdog's actions could disrupt services for 100,000 users and cause billions in damages.
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Payments
Polish KNF Revokes Conotoxia's Payment Services License
2024-10-03T12:02:48.940+02:00
The company was ordered to cease operations and settle accounts by year-end.
The cancellation of the payment license will not, however, affect FX/CFD operations.
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CryptoCurrency
This Regulator Will Be Able to Block Your Cryptos from 96 Hours to 6 Months
2024-03-11T11:26:14.287+02:00
Poland will regulate crypto with the EU's MiCA laws, granting KNF new powers.
The local market watchdog is set to obtain the ability to block crypto accounts.
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Retail FX
As Polish CFDs Market Explodes, So Do Client Losses
2023-04-04T16:36:10.242+02:00
Almost 72,000 Poles traded FX/CFDs in 2022. Overall polish brokers had 143,000 active clients.
The Polish retail FX/CFD market achieved record turnover and number of retail traders compared to the previous year.
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Retail FX
Polish Court Upholds XTB's $2.2m Fine over Differential Slippage from 2018
2023-03-01T13:56:09.586+02:00
The fine was initially imposed five years ago.
XTB appealed the decision in court but to no avail.
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Damian Chmiel
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Retail FX
KNF Warns Polish Consumers Engaging in High-Risk Investment Platforms
2021-12-03T16:25:00.000+02:00
KNF is worried that local consumers could lose their money on high-risk platforms.
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Regulation
Polish KNF Seeks Traders’ Feedback on 100:1 Leverage
2020-12-01T15:31:08.000+02:00
The local regulator defied the ESMA restriction last year to offer higher leverages.
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Regulation
Poland’s KNF Considers Regulating Crypto, Invites Market Feedback
2020-07-24T10:15:51.000+02:00
The regulator has provided details on how cryptos could be classified under Polish law.
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Regulation
IDM Applies Experienced Trader Category Verification Standards
2019-10-02T10:52:29.000+02:00
The Chamber of Brokerage Houses wants all trading providers in Poland to comply with the standards.
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Analysis
Poland Defies ESMA, China May be Libra’s Refuge: Editor’s Pick
2019-08-04T15:42:06.000+02:00
Stay up to date with the top and most interesting FX and crypto news.
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Brokers
Breaking: Poland Defies ESMA Enables 100:1 Leverage
2019-08-01T18:30:58.000+02:00
Retail investors will be able to trade forex, major indices, and gold with higher leverage
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Regulation
ESMA Shoots Down Poland’s 100:1 Leverage Proposal
2019-07-31T14:32:50.000+02:00
ESMA’s opinion also pours cold water on CySEC’s proposal for tiered leverage of up to 50:1
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Regulation
Poland Awaits ESMA Approval on Product Intervention
2019-07-26T16:31:44.000+02:00
The Eastern European country has been mulling over introducing an experienced trader category with 50:1 leverage
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Analysis
Poland is EU’s Success Story, But What About its FX Market?
2019-06-27T13:13:09.000+02:00
Over the past few years, trading volumes have been declining, which was only aided by ESMA’s measures.
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Brokers
Exclusive: Poland Mulls ‘Experienced Trader’ Category for Retail Clients
2019-04-23T11:08:48.000+02:00
The Polish financial regulator is among to bring the best of both worlds into its regulatory framework
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Brokers
Polish Watchdog KNF Warns of CySEC-Regulated Broker Depaho
2019-03-15T18:16:45.000+02:00
Depaho Ltd, operating through its brand name FXGM and domain name www.fxgm.com, is already licensed and regulated by CySEC.
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Executive Moves
Polish Watchdog Announces Jacek Jastrzębski as New Chairman
2018-11-23T17:15:46.000+02:00
Jastrzębski was appointed by the Prime Minister of Poland to head KNF.
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Brokers
Polish Regulator Hits XTB with $2.7 Million Fine over Differential Slippage
2018-09-18T17:24:14.000+02:00
XTB applied a practice known as asymmetric price slippage.
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Regulation
Poland Launches National Media Campaign to Warn Against FX, Crypto Investments
2018-05-30T21:01:51.000+02:00
The TV campaign is scheduled for June, and it’ll be accompanied by radio ads and a video for social media.
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Regulation
Polish Watchdog KNF Warns Against ExBino
2018-04-26T17:55:02.000+02:00
Polish police carried out this month a raid on the offices of a company that operates call centers for FX firms.
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Brokers
XTB Under Fire from Client Allegations, Broker Pushes Back Against Claims
2018-04-06T12:18:41.000+02:00
Krzysztof Kramarczyk is pinning his $1m losses on XTB's misconduct, while the brokerage has deflected his claims
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Regulation
Hong Kong Monetary Authority and Polish KNF Agree to Fintech Collaboration
2018-03-09T12:10:15.000+02:00
The two regulatory authorities will share research projects and exchange information.
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