KNF wants to block Internet domains

09/04/2017
KNF wants to block Internet domains

Gambling first, now risky investments. The free Financial Supervision Authority wants to block domains that encourage investment in the forex market.

As reported by Money.pl :

KNF officials want to get the power to block Internet domains from unscrupulous financial market companies.

At present, the KNF is only able to enter companies into the list of public warnings. It consists of entities that provide brokerage services without appropriate approvals and regulations and allow high risk investments. The proposed change in entitlements protects potential investors from significant financial losses. Domain Blocking would be similar to a gambling law at the DNS level, which would be easy to circumvent using independent DNS servers or by connecting to a VPN.

Investments in the forex market are getting louder due to NIK's recent report. He reported that in the last five years, Poles could lose nearly 2.1 billion zlotys on it.

This information should concern the cryptal users, since for a long time it is the industry that is targeting various services and institutions.

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