Cryptocurrency exchange Binance announced plans on Jan. 18 to enhance its local presence in Poland while remaining compliant with local regulations. 

Binance Poland sp. z o.o., Binance’s Polish entity, will adhere to Polish regulatory standards for virtual asset service providers (VASPs), which requires Polish users to sign new terms and conditions with Binance Poland, in order to continue using the company's services. 

Kyrylo Khomiakov, Binance's Head of Ukraine and Eastern Europe, stated that the company believes that effective regulation is necessary for the mainstream adoption of digital assets. He also emphasized Binance's commitment to security and strict adherence to know-your-customer (KYC) requirements.