Regulation· ★★★· neutral·

BitMarket24 sues Polish regulator KNF for 2.5 million zloty in precedent-setting case

  • BitMarket24 seeks 2,481,660.85 zloty in damages from KNF
  • In 2018 the exchange earned 956,000 zloty in commission revenue with 23,086 users
  • Credit Agricole closed the exchange's account on Jan 28, 2019, just 17 days after a meeting with UKNF
  • Criminal case was discontinued on May 30, 2022, upheld by the Zamosc District Court on Jan 11, 2023
Why it matters: The precedent-setting case will determine whether regulators can be held liable for damage caused by public warnings against crypto firms.
Source: Comparic