Poland – attractive jurisdiction for starting a business in the sphere of virtual currencies. Signed bilateral agreements on avoidance of double taxation between Poland and more than 84 countries of the world allow to attribute jurisdiction to one of the most favorable from the point of view of taxation. Crypto license in Poland is a promising area. It allows to work in the legal field and automatically makes business transparent.
Crypto-activities in Poland are regulated by the Law on Combating Money Laundering and Financing of Terrorism. Licensed crypto-companies are obliged to keep a transaction register, collect information and actions that have been taken to prevent money laundering and terrorist financing under the AML/CFT law.
Token mining (self-issuing tokens) does not require a licence under the laws of the country, provided that the miner does not carry out any activities subject to the regulated activities. An independent issuance of tokens classified as securities generally does not require a licence as a securities firm under the law. This also applies if tokens are qualified as derivatives, provided that these derivatives are not offered to the public on a professional basis.
In Poland, there are special requirements for obtaining authorization from the member responsible for the services rendered training or course covering legal or practical issues related to virtual currency activities, or at least one year of documented virtual currency activities.
To start with the design of the crypto project in Poland, you will need such documents:
