In a statement, Kyrylo Khomiakov, Binance's Head of Ukraine and Eastern Europe, said, "We welcome the initiatives of the Polish government towards regulation. Working together with regulators globally, we can ensure that consumers are protected while continuing to cultivate innovation and progress."
To continue using Binance's products, Polish users must sign new terms and conditions with Binance Poland. Additionally, Binance's Country Manager for Poland, Katarzyna Wabik, confirmed that the company has fully complied with all Polish standards for VASPs and adopted anti-money laundering policies.
Binance is also expanding its presence in Poland, actively searching for talent and ready to expand its team. The company also provides crypto education programs and organizes events in the country.
Binance recently received regulatory approval from the Swedish Financial Supervisory Authority and has been approved by many other European nations over the past few years, such as France, Spain, Italy, Cyprus, and Lithuania.