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KNF
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
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
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
As Polish CFDs Market Explodes, So Do Client Losses
- Almost 72,000 Poles traded FX/CFDs in 2022. Overall polish brokers had 143,000 active clients.
- The Polish retail FX/CFD market achieved record turnover and number of retail traders compared to the previous year.
Tuesday, 04/04/2023 | 14:36 GMT by
Damian Chmiel
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