Binance has completed its steps to become a Virtual Asset Provider for Services (VASP) in Poland, becoming the seventh EU member state to allow its citizens to buy and trade cryptocurrencies through Binance.
Binancians based in Poland were asked to sign new terms of agreement with Binance Poland sp. According to a Binance blog post on Jan. 18, z o.o. is a new native entity that is fully VASP-compliant.
Kyrylo Khomiakov, head of Ukraine and Eastern Europe at Binance, said the company believes effective regulation is necessary for mainstream adoption of digital assets. He also highlighted Binance's commitment to security and strict adherence to "know your customer" requirements.
Binance’s country manager for Poland, Katarzyna Wabik, also noted that the company is fully compliant with Poland’s VASP standards and that the company is focusing on successfully migrating users to Polish entities, growing local businesses, and recruiting local talent. Binance currently has regulatory approval in several EU member states, including France, Italy, Lithuania, Spain, Cyprus, Sweden, and now Poland.
