From 5500 €
Poland has emerged as a favorable jurisdiction for obtaining a cryptocurrency license due to its straightforward registration process and supportive regulatory environment. With a clear framework established by the National Bank and the KNF Financial Supervision Authority, Poland provides a secure and efficient pathway for businesses to enter the European crypto market. The licensing process is designed to be completed swiftly, with options for both remote and on-site setup, making it an attractive option for entrepreneurs and established companies alike.
Regulatory Framework
The regulatory framework for cryptocurrency businesses in Poland is overseen by the National Bank of Poland and the KNF Financial Supervision Authority. Businesses must comply with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) laws, which require detailed AML/KYC policies and regular reporting. Additionally, Poland’s tax regulations, including bilateral agreements to avoid double taxation, make it an appealing location for setting up crypto operations. The framework ensures that all licensed entities operate within a secure, transparent, and legally compliant environment.
Application Process
The application process for obtaining a crypto license in the Poland involves several steps, including:
- Company Incorporation: Establish a Polish entity to act as the legal base for your crypto operations.
- Document Preparation: Gather and prepare the necessary documentation, including AML/KYC policies and company formation documents.
- Submission to Authorities: File the application with the appropriate Polish regulatory bodies, ensuring all requirements are met.
- Regulatory Review: Work with authorities as they review your submission, addressing any additional requirements or questions.
- License Issuance: Upon approval, receive your crypto license and complete the setup of your business operations.
- Commencement of Operations: Begin offering services under your new crypto license, ensuring ongoing compliance with Polish regulations.
Main types of activities
- Exchange Services: Facilitating the exchange of cryptocurrencies for fiat currencies or other digital assets.
- Wallet Services: Providing digital wallet solutions that securely store, manage, and transfer cryptocurrencies.
- Custody Services: Providing secure custodial services to safeguard digital assets on behalf of clients.
- Payment Processing: Enabling businesses to process transactions and payments made using cryptocurrencies.
