CoinEx, a global cryptocurrency exchange, has recently
announced that it has obtained authorization as a Virtual Assets Service
Provider (VASP) in Poland. This development is anticipated to strengthen
CoinEx’s standing within the European cryptocurrency market.
This represents a stride in CoinEx’s strategic expansion
efforts within Europe. The company acknowledges the vast potential inherent in
the European cryptocurrency market and remains focused on furnishing a secure
and user-friendly trading environment for investors and traders alike.
Haipo Yang, CoinEx’s CEO, commented:
“Obtaining the VASP registration in Poland is a testament to our
unwavering dedication to providing a secure and regulated trading environment
for our users. We are thrilled to expand our operations in Europe. This
achievement reinforces our commitment to driving the global adoption of
cryptocurrencies and fostering the growth of the digital asset ecosystem.”
CoinEx, established in 2017, is a global cryptocurrency
exchange focused on facilitating trading with a variety of services for over 5
million users across 200 countries and regions. The firm has listed over 1,000
tokens and more than 1,400 trading pairs, enabling users to access a wide range
of cryptocurrencies.
Aligning with EU MiCA Regulation for Cryptocurrency
Meanwhile, Poland’s cryptocurrency market faces increased
oversight with the impending
adoption of the European Union’s Markets in Crypto-Assets regulation into
domestic law, as reported by Finance
Magnates.
The proposed legislation grants the Komisja Nadzoru
Finansowego new powers, including the ability to freeze cryptocurrency accounts
for up to 96 hours on suspicion of criminal activity, extendable to six months
with prosecutorial consent. However, concerns arise among investors regarding
the lack of clarity surrounding the grounds for account freezes, potentially
leading to uncertainty and misuse of regulatory authority.
CoinEx, a global cryptocurrency exchange, has recently
announced that it has obtained authorization as a Virtual Assets Service
Provider (VASP) in Poland. This development is anticipated to strengthen
CoinEx’s standing within the European cryptocurrency market.
This represents a stride in CoinEx’s strategic expansion
efforts within Europe. The company acknowledges the vast potential inherent in
the European cryptocurrency market and remains focused on furnishing a secure
and user-friendly trading environment for investors and traders alike.
Haipo Yang, CoinEx’s CEO, commented:
“Obtaining the VASP registration in Poland is a testament to our
unwavering dedication to providing a secure and regulated trading environment
for our users. We are thrilled to expand our operations in Europe. This
achievement reinforces our commitment to driving the global adoption of
cryptocurrencies and fostering the growth of the digital asset ecosystem.”
CoinEx, established in 2017, is a global cryptocurrency
exchange focused on facilitating trading with a variety of services for over 5
million users across 200 countries and regions. The firm has listed over 1,000
tokens and more than 1,400 trading pairs, enabling users to access a wide range
of cryptocurrencies.
Aligning with EU MiCA Regulation for Cryptocurrency
Meanwhile, Poland’s cryptocurrency market faces increased
oversight with the impending
adoption of the European Union’s Markets in Crypto-Assets regulation into
domestic law, as reported by Finance
Magnates.
The proposed legislation grants the Komisja Nadzoru
Finansowego new powers, including the ability to freeze cryptocurrency accounts
for up to 96 hours on suspicion of criminal activity, extendable to six months
with prosecutorial consent. However, concerns arise among investors regarding
the lack of clarity surrounding the grounds for account freezes, potentially
leading to uncertainty and misuse of regulatory authority.
