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Conotoxia
This Fintech Repays 60% of Customer Funds After License Revocation, Sets Year-End Deadline
- Conotoxia announces a settlement plan offering full refunds plus interest to customers affected by its license cancellation.
- Cinkciarz.pl's brand is also seeking to sue the local regulator and almost a dozen of banks for alleged "conspiracy"
Tuesday, 19/11/2024 | 09:40 GMT by
Damian Chmiel
The Regulator Revoked Their License, They Took It to Court: Cinkciarz.pl Battles KNF
- Polish fintech Conotoxia challenges regulatory license revocation, arguing that KNF's decision threatens customer interests.
- The company claims the regulator's sudden change in stance on fund handling could harm service users.
Monday, 18/11/2024 | 08:41 GMT by
Damian Chmiel
Cinkciarz.pl Aims for Banking Future After License Loss, but Regulator Pushes Back
- Polish fintech announces ambitions to become a bank after losing its payment authorization last month.
- In the meantime, it declared war on Polish banks and the country's regulator, KNF.
Thursday, 14/11/2024 | 09:37 GMT by
Damian Chmiel
Fintech Giant Claims Banks Blocked Transfers for 14 Years in Market-Share Fight
- Cinkciarz.pl accuses banks of systematically blocking $300 million in funds over a decade.
- The company has filed complaints with multiple regulatory bodies and seeks criminal investigations against bank executives.
Monday, 04/11/2024 | 10:41 GMT by
Damian Chmiel
Credit Agricole Takes Part in “Banking Conspiracy,” Cinkciarz.pl Claims
- The lawsuit is part of a larger $1.65B legal campaign against ten Polish banks amid regulatory challenges.
- Cinkciarz.pl has lost its payments license in Poland and now alleges that the “banking lobby” was supposedly involved.
Friday, 25/10/2024 | 19:05 GMT by
Damian Chmiel
Polish KNF Decision Pushes Conotoxia Into Investment Hunt
- Cinkciarz.pl brand operator is in “advanced talks” with international investment funds.
- The company plans to challenge the KNF decision while simultaneously pursuing legal action against local banks.
Wednesday, 23/10/2024 | 12:35 GMT by
Damian Chmiel
Cinkciarz.pl and Conotoxia Plan to Sue 10 Banks for a Total of 6.5 Billion Zlotys
- Citibank and PKO BP have just joined the growing list. They are allegedly accused of collusion.
- Moreover, the Polish fintech giant claims that the local market watchdog "violates the law" and its regulations "destroy" companies.
Tuesday, 15/10/2024 | 07:22 GMT by
Damian Chmiel
Conotoxia Alleges Polish KNF “Violates the Law” and Regulations “Destroy” Companies
- The local fintech giant is challenging the financial regulator's decision to revoke its payment services license.
- It claims the watchdog's actions could disrupt services for 100,000 users and cause billions in damages.
Monday, 14/10/2024 | 07:20 GMT by
Damian Chmiel
Cinkciarz.pl Declares War on Polish Banks: Plans to Sue 8 for 5 Billion Zlotys
- The online FX platform accuses major financial institutions of unfair competition by denying access.
- It plans to involve competition authorities and urges other affected exchange offices to join its lawsuit.
Wednesday, 09/10/2024 | 07:12 GMT by
Damian Chmiel
Cinkciarz.pl Files 1.5 Billion Suit against Polish Banks amid License Row
- The Polish fintech giant is suing two major banks for alleged obstruction of business, seeking damages totaling PLN 1.5B.
- This legal action follows the recent suspension of its payment license by KNF.
Monday, 07/10/2024 | 08:56 GMT by
Damian Chmiel
Currency One Challenges Cinkciarz.pl's Court Victory with Planned Appeal
- Two major Polish online currency exchanges have been engaged in a legal battle for ten years.
- The latest decision supported Cinkciarz.pl, but Currency One disagrees and will appeal.
Wednesday, 31/05/2023 | 09:40 GMT by
Damian Chmiel
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