An alert has been issued against Crypto.com’s operations in Poland.
Allegedly, after offering financial services in Poland without the necessary authorization, Crypto.com’s Maltese operator Foris DAX MT has been added to the Polish Financial Supervision Authority’s (KNF) alert list.
The listing, which took place on 6 November 2024, comes after claims that Foris DAX MT had broken local regulations, particularly in the financial advisory sector.
The Warsaw regional prosecutor’s office will handle the matter.
However, this seems to be the second regulatory obstacle that Crypto.com has faced in the EU this year. Citing violations of regional anti-money laundering and anti-terrorist financing regulations, the Dutch central bank, De Nederlandsche Bank, fined Foris DAX MT $3.1 million in March 2024.
https://t.co/ys8SJmxAog In Big Trouble: Poland’s Regulator Issues Serious Warning!https://t.co/xQE2VNhEbL
— John Morgan (@johnmorganFL) November 7, 2024
Crypto.com Partners With Ingenico To Serve 680 Million Consumers Worldwide
Crypto.com has announced partnership with Ingenico, a French merchant services technology company, for seamless crypto payments for merchants worldwide, including US, Canada, the EEA, the UK, Asia, and Australia.
Thanks to the partnership, consumers will be able to pay with digital currencies at Ingenico terminals.
In a 5 November 2024 announcement, the partnering companies said, “This pioneering “plug-and-play” solution will empower Ingenico merchants to accept crypto payments seamlessly and securely, meeting the needs of over 680 million consumers.”
Can this help crypto adoption? The 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 for people to use cryptocurrency in real-world payment scenarios and our partnership with Ingenico will go a long way to bringing crypto out of the web and increase its adoption as a powerful payment tool,” said Eric Anziani, President & 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 the partnership, merchants can accept crypto payments and receive funds settlement without currency risk in their local currency, such as EUR, GBP, AUD, or USD.
“This joint solution aims to normalize 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 commerce environments.”
We are hyped to #announce our #partnership with @cryptocom bringing a #seamless and #secure #crypto #payment solution for #merchants globally.
Read more about the partnership: https://t.co/NnMV1Hh3UQ#MovingCommerceForward #commerce pic.twitter.com/CIAGTHZT0j
— Ingenico (@ingenico) November 5, 2024
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 21.co Wrapped Bitcoin (21BTC).
Related: 21.co Partners With Crypto.com To Boost Liquidity And Custody For Wrapped Bitcoin Tokens
Similarly, Crypto.com revealed its partnership with Standard Chartered in August 2024. As per the partnership, the bank will provide Crypto.com with tailored banking and payment solutions. Moreover, Crypto.com users will be able to access deposit and withdrawal facilities.
“With this, Crypto.com will be first to offer USD, EUR and AED deposit and withdrawals to customers globally,” the announcement said.
Related: Crypto.com Partners With Standard Chartered To Launch Global Retail Services From Dubai
The post Crypto.com Navigates Regulatory Hurdles In Poland, Continues Pursuing Global Growth With Ingenico appeared first on .
