poland
Former Polish President Andrzej Duda Joins ZEN.COM Board amid Asia Expansion
- The board's composition has been submitted to the Bank of Lithuania, where ZEN.COM holds its European EMI license.
- ZEN.COM recently partnered with Visa to enhance real-time cross-border payment services.
Monday, 20/10/2025 | 13:09 GMT by
Jared Kirui
German Fintech Trade Republic Enters Poland as Price War for XTB's Market Leadership Intensifies
- The Berlin-based company launches its first non-eurozone expansion with local banking services and competitive pricing.
- The new player wants to stand out by offering access to private markets from €1.
Monday, 15/09/2025 | 07:59 GMT by
Damian Chmiel
Forex and CFD Trading Population in Poland Surges 40% as Losses Mount to Record 1.3B Zlotys
- Over five years, the market has nearly tripled in size, becoming one of the biggest in Europe, catching up with the UK.
- The ratio of losing to profitable traders stood at 4 to 1, highlighting that CFDs are a high-stakes, high-risk game.
Wednesday, 16/04/2025 | 12:34 GMT by
Damian Chmiel
XTB Broker Platform Keeps 0.5% Fee, Multi-Currency Cards Offer Commission-Free
- The new multi-currency cards support seven currencies, including PLN, EUR, GBP and USD.
- Virtual cards are available instantly via the XTB app and can be added to Google Pay and Apple Pay.
Friday, 21/03/2025 | 12:55 GMT by
Tareq Sikder
Conotoxia Files Complaint Against Poland in the US, Claims Losses of “At Least Several Billion Zlotys”
- The fintech has filed a complaint with US law enforcement against Polish financial regulators, alleging abuse of power.
- This escalation follows the company's defeat in Polish courts over the revocation of its payment services license.
Tuesday, 11/03/2025 | 09:25 GMT by
Damian Chmiel
Cinkciarz.pl Loses Dispute with KNF, Accuses Court of Protecting “Civil Service Caste” in Poland
- Conotoxia (Cinkciarz.pl) strongly criticizes a court decision upholding the revocation of its payment license.
- The company highlights concerns about the state of Poland's legal system and regulatory practices in the fintech sector.
Thursday, 06/03/2025 | 08:38 GMT by
Damian Chmiel
Polish Prosecutor Denies Conotoxia's Claims: No Investigation Against KNF
- Conotoxia claimed that an investigation had been launched against the KNF in connection with the alleged abuse of power.
- However, the prosecutor's office has completely denied these reports, stating that the fintech's request was rejected.
Thursday, 20/02/2025 | 14:21 GMT by
Damian Chmiel
Poland's KNF Under Investigation for Alleged Regulatory Breach
- Polish prosecutors launch an investigation into the KNF following complaints from Conotoxia Holding over alleged abuse of power.
- Meanwhile, since October, the prosecutor's office has been conducting a separate investigation into the activities of Cinkciarz.pl.
Thursday, 20/02/2025 | 12:19 GMT by
Damian Chmiel
RoboMarkets Expands European Reach, Taps Mateusz Żelek as Managing Director for Poland
- Żelek joined RoboMarkets after nearly six years at Match-Trade, where he held various roles.
- Last year, RoboMarkets Group announced changes to its European operations, shifting its focus primarily to stock investors and traders.
Monday, 03/02/2025 | 15:02 GMT by
Jared Kirui
CySEC-Regulated Conotoxia Closes Polish Branch, Cinkciarz.pl Under Prosecutor's Radar
- Conotoxia Ltd. customers in Poland received an email on Friday informing them that the local branch will be closed.
- In the meantime, the prosecutor's office is investigating the parent company, Cinkciarz.pl, whose operations are currently suspended.
Monday, 03/02/2025 | 10:09 GMT by
Damian Chmiel
This Fintech Repays 60% of Customer Funds After License Revocation, Sets Year-End Deadline
- Conotoxia announces a settlement plan offering full refunds plus interest to customers affected by its license cancellation.
- Cinkciarz.pl's brand is also seeking to sue the local regulator and almost a dozen of banks for alleged "conspiracy"
Tuesday, 19/11/2024 | 09:40 GMT by
Damian Chmiel
The Regulator Revoked Their License, They Took It to Court: Cinkciarz.pl Battles KNF
- Polish fintech Conotoxia challenges regulatory license revocation, arguing that KNF's decision threatens customer interests.
- The company claims the regulator's sudden change in stance on fund handling could harm service users.
Monday, 18/11/2024 | 08:41 GMT by
Damian Chmiel
CySEC Alerts CIFs to UKNF Restrictions on Referral and Affiliate Programmes
- The regulator urges CIFs to comply with the UKNF's October 2023 position on referral practices.
- The UKNF states that only investment firms or their tied agents are authorized to perform client acquisition tasks.
Tuesday, 12/11/2024 | 12:27 GMT by
Tareq Sikder
Fintech Giant Claims Banks Blocked Transfers for 14 Years in Market-Share Fight
- 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.
Monday, 04/11/2024 | 10:41 GMT by
Damian Chmiel
Polish KNF Decision Pushes Conotoxia Into Investment Hunt
- 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.
Wednesday, 23/10/2024 | 12:35 GMT by
Damian Chmiel
Cinkciarz.pl and Conotoxia Plan to Sue 10 Banks for a Total of 6.5 Billion Zlotys
- 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.
Tuesday, 15/10/2024 | 07:22 GMT by
Damian Chmiel
Conotoxia Alleges Polish KNF “Violates the Law” and Regulations “Destroy” Companies
- 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.
Monday, 14/10/2024 | 07:20 GMT by
Damian Chmiel
Poland Fines PayPal $27.3M over Ambiguous User Agreements: Report
- The Office of Competition and Consumer Protection found PayPal's terms ambiguous, making it hard for users to understand prohibited activities and penalties.
- This ambiguity reportedly allows PayPal the discretion to block accounts without clear justification.
Monday, 15/07/2024 | 18:51 GMT by
Jared Kirui
CoinEx's VASP Authorization in Poland Targets European Crypto Market
- Established in 2017, the firm is catering to over 5 million users worldwide, spanning 200 countries.
- A proposed law in Poland will allow the KNF to freeze crypto accounts for up to 96 hours.
Monday, 13/05/2024 | 12:19 GMT by
Tareq Sikder
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