Following the regulatory approval in France, Italy, Lithuania, Spain, Cyprus and Sweden, the crypto exchange Binance announced on 18 January that it had also been registered as a virtual asset services provider (VASP) in Poland to provide crypto assets and custody services in the country. Its local unit in Poland, Binance Poland sp. z o.o., will comply with the country’s regulatory standards. The existing users are required to sign new Terms and Conditions with the Polish entity to continue using its services. Kyrylo Khomiakov, Binance’s Head of Ukraine and Eastern Europe stressed the company would continue following the strictest KYC requirement in the industry and improving its security systems.