Poland has been actively working in recent years to create a transparent and secure cryptocurrency regulatory system. In 2024, new laws were passed and important changes were made to the regulation of digital assets. These changes are aimed at improving control over cryptocurrency transactions and protecting users.
Major changes in legislation
In 2024, the Polish government introduced several key changes to the legislation on cryptocurrencies. These changes relate to licensing, taxation and security of operations with digital assets. The main innovations:
- Mandatory licensing of cryptocurrency companies. All companies working with cryptocurrencies are now required to obtain a special license. This requirement applies to exchange platforms, wallets and other services. The license is needed in order to regulate the activities of such companies and prevent possible fraud.
- Enhanced safety requirements. In 2024, new security standards were introduced for cryptocurrency companies. Now all platforms must comply with certain measures to protect user data and prevent cyber attacks.
- Changes in taxation. The exchange of cryptocurrencies for fiat money is now subject to value added tax (VAT). This innovation has caused a lot of controversy, but the government is confident that such measures will help to better control financial flows.
How do I get a license for cryptocurrency activities?
In order to legally work with cryptocurrencies in Poland, companies need to obtain a license. The process of obtaining a license includes several stages:
- Company registration. First you need to register a company in Poland. It can be either a local company or a branch of a foreign organization.
- Submission of the application. After registration, you need to apply for a license. The application must contain all information about the company and its activities, as well as confirmation of compliance with the new safety requirements.
- Verification and approval. The application is considered for several months. At this time, compliance with all requirements, the availability of qualified specialists and compliance with safety standards are checked.
Obtaining a cryptocurrency license in Poland requires certain costs and time, but it is a necessary step for legal work in the country.
The impact of new laws on the market
The introduction of new rules for regulating cryptocurrencies in Poland has proved useful for all market participants. Here are the changes that have occurred:
- Increased trust. Due to the mandatory license, users have become more confident in cryptocurrency platforms. Companies that operate legally and comply with the laws attract more customers.
- Reducing the number of scams. Licensing helps to weed out unscrupulous players. Platforms that do not meet the requirements cannot operate legally, which significantly reduces the risks of fraud.
- The development of the cryptocurrency market. The new rules create favorable conditions for market growth. Platforms that have been licensed can offer users a wider range of services, such as trading, storing and exchanging cryptocurrencies.
Advantages of obtaining a license for companies
Companies that have received a license to work with cryptocurrencies in Poland receive several important advantages:
- Legal activity. The license allows you to work officially and attract customers without fear of sanctions or closure.
- Access to new markets. Poland, as an EU member, opens access to the European market. This means that companies can offer their services not only in Poland, but also in other EU countries.
- Attracting investors. Licensed companies arouse more trust among investors, which simplifies the process of raising capital and expanding the business.
Obtaining a cryptocurrency license in Poland opens up new opportunities for companies and helps them develop confidently in the European market.
Poland is actively developing legislation in the field of cryptocurrencies, creating transparent and understandable business conditions. In 2024, the country took important steps to improve market regulation, which had a positive impact on its development. Licensing and new security rules have helped to increase trust in cryptocurrency platforms and protect the interests of users.
