Poland Archives | Protos https://protos.com/tag/poland/ Informed crypto news Thu, 07 Nov 2024 18:20:45 +0000 en-US hourly 1 https://wordpress.org/?v=6.2.6 https://protos-media.s3.eu-west-2.amazonaws.com/wp-content/uploads/2022/01/30110137/cropped-protos-favicon-32x32.png Poland Archives | Protos https://protos.com/tag/poland/ 32 32 Crypto.com added to alert list in Poland months after Dutch bank fine https://protos.com/crypto-com-added-to-alert-list-in-poland-8-months-after-dutch-bank-fine/ Thu, 07 Nov 2024 14:40:05 +0000 https://protos.com/?p=79437 In a filing from November 6, Crypto.​com operator Foris DAX MT is accused of providing financial services in Poland without authorization.

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Crypto.​com is facing its second regulatory battle in the European Union this year after its Malta-based operator Foris DAX MT was placed on an alert list by the Polish Financial Supervision Authority (KNF).

In a filing from November 6, Foris DAX MT is accused of providing financial services in Poland without the necessary authorization.

This allegation comes eight months after the De Nederlandsche Bank — the Dutch central bank — hit the company with a $3.1 million fine over breaches of anti-money laundering and anti-terrorist financing laws.

A Crypto.com spokesperson told Protos, “We are aware of an update from the KNF in Poland and are working closely with the regulator to resolve any questions they may have regarding our services.”

Read more: Former Crypto.com compliance officer charged with money laundering, extortion

Firms that are placed on a KNF alert list aren’t banned in Poland but their listing serves as a warning to users and potential investors that the company may be engaging in unauthorized financial activities.

Other crypto companies on the list include Bright Space LTD, which uses the website cryptotradecorp.com, and BitBay, which now operates as Zonda and is one of Poland’s biggest exchanges.

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Update 18:20 UTC, Nov 7: Updated piece to include comment from Crypto.com spokesperson.

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Illegal crypto mining rigs found in Poland’s Supreme Administrative Court https://protos.com/illegal-crypto-mining-rigs-found-in-polands-supreme-administrative-court/ Wed, 15 Nov 2023 17:33:51 +0000 https://protos.com/?p=52018 Two years after crypto mining rigs were found in a police station, the same has happened in Poland's Supreme Court.

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Flying under the radar of Poland’s top judges, the Supreme Administrative Court in Warsaw has been secretly housing crypto mining rigs in the ventilation ducts.

The startling news was confirmed by a judge to local outlet tvn24 on November 9. Apparently, the crypto mining rigs were discovered by a technician back in August, immediately prompting an investigation by the prosecutor’s office and the Internal Security Agency.

Prosecutors hope to charge those responsible with electricity theft. But prosecutor Szymon Banna told tvn24 that so far, no one has been charged with a crime.

While the culprit remains unknown for now, the firm responsible for maintaining Poland’s Supreme Administrative Court building has been fired, along with two employees who were directly responsible for maintenance in the area that the rigs were found.

Local media has been unable to confirm reports that the crypto mining rigs included modems. If true, they weren’t connected to the court’s internet. According to Judge Sylvester Marcinniak, chairman of the Judicial Information Department of the Supreme Administrative Court, the illicit crypto mining rigs “did not result in any threat to the security of data stored in the [building].”

Read more: Man charged for facilitating Netwalker ransomware that stole 5,000 bitcoin

Oddly enough, this isn’t the first time that a top official building in Poland turned out to house illegal crypto mining rigs. Two years ago, the IT guy at Warsaw’s police headquarters turned out to be siphoning electricity to power his own crypto mining operation.

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