An alert has been issued against Crypto.com’s operations in Poland.
Apparently, after offering financial services in Poland without the necessary authorization, the Maltese operator of Crypto.com, Foris DAX MT, has been added to the alert list of the Polish Financial Supervisory Authority (KNF).
The listing, which took place on November 6, 2024, follows allegations that Foris DAX MT violated local regulations, particularly in the financial advisory sector.
The Warsaw regional prosecutor’s office will handle the case.
However, this appears to be the second regulatory hurdle Crypto.com faces in the EU this year. Citing violations of regional anti-money laundering and anti-terrorism financing regulations, the Dutch central bank, De Nederlandsche Bank, fined Foris DAX MT $3.1 million in March 2024.
In great difficulty: the Polish regulator issues a serious warning!
– John Morgan (@johnmorganFL) November 7, 2024
Crypto.com partners with Ingenico to serve 680 million consumers worldwide
Crypto.com announced a partnership with Ingenico, a French merchant services technology company, for seamless crypto payments for merchants around the world, including the US, Canada, EEA, UK , in Asia and Australia.
Thanks to this partnership, consumers will be able to pay with digital currencies on Ingenico terminals.
In a November 5, 2024 announcementsaid the partner companies: “This pioneering plug-and-play solution will enable Ingenico merchants to accept encrypted payments seamlessly and securely, meeting the needs of more than 680 million consumers.
Can this help crypto adoption? This collaboration is expected to accelerate the adoption of crypto in everyday transactions and provide merchants with an innovative, secure and flexible payment solution.
“We are on a mission to make it easier to use cryptocurrencies in real-world payment scenarios and our partnership with Ingenico will go a long way in bringing crypto off the web and increasing its adoption as a powerful payment tool,” he said. said Eric Anziani, President and COO of Crypto.com.
Related: Crypto.com Files Lawsuit Against SEC After Receiving Wells Notice
Merchants can now accept crypto payments in local currency
Through this partnership, merchants can accept crypto payments and receive settlement of funds without exchange risk in their local currency, such as EUR, GBP, AUD or USD.
“This joint solution aims to standardize crypto payments for real-world retail experiences, making crypto adoption simpler, faster, and more robust,” the announcement said.
Commenting on the partnership, Patrick Blanc, CTO of Ingenico said: “Our partnership with Crypto.com will redefine the payments landscape by seamlessly integrating crypto payments into commercial environments. »
We are looking forward to #announce OUR #partnership with @cryptocom bringing a #seamless And #secure #crypto #payment solution for #merchants on a global scale.
Learn more about the partnership: https://t.co/NnMV1Hh3UQ#MovingCommerceForward #trade pic.twitter.com/CIAGTHZT0j
– Ingénico (@ingenico) November 5, 2024
We are looking forward to Partnership with 21.co, Standard Chartered
Recently, 21.co partnered with Crypto.com. The partnership aims to improve the liquidity and custody of its wrapped digital assets. This includes its flagship product 21.co Wrapped Bitcoin (21BTC).
Related: 21.co Partners with Crypto.com to Increase Liquidity and Custody of Wrapped Bitcoin Tokens
Similarly, Crypto.com revealed its partnership with Standard Chartered in August 2024. Under this partnership, the bank will provide tailored banking and payment solutions to Crypto.com. Additionally, Crypto.com users will be able to access deposit and withdrawal facilities.
“With this, Crypto.com will be the first to offer deposits and withdrawals in USD, EUR and AED to customers around the world,” the announcement said.
Related: Crypto.com Partners with Standard Chartered to Launch Global Retail Services from Dubai
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