In 2018, Poland became one of the first countries in the European Union to introduce clear rules for cryptocurrency companies. The Polish approach to cryptocurrency regulation is characterized by balance. On the one hand, the authorities strive to ensure the security and legality of operations, on the other hand, they do not want to excessively restrict the development of the sector.

Types of activities requiring licensing

• Exchange between payment means: This includes operations for exchanging various types of cryptocurrencies with each other.
• Exchange between virtual and fiat currencies: This type of activity covers operations for converting cryptocurrencies into traditional currencies and vice versa.
• Intermediation in exchanges: A license is required for companies acting as intermediaries in conducting the exchange operations mentioned above.
• Maintaining accounts for operations with virtual currencies: This concerns the provision of services for managing accounts that allow authorized persons to use virtual currencies, including conducting exchange operations.

Licensing process

Obtaining a crypto license in Poland is a complex and multi-stage process that requires careful preparation and compliance with a number of criteria. The main stages include:

• Preparation of necessary documentation
• Passing a check for compliance with regulatory requirements
• Implementation of AML/KYC systems
• Ensuring the necessary authorized capital
• Submitting an application to the Polish financial markets regulator (KNF)
• Passing inspections and audits
• Receiving the regulator's decision

How to get a crypto license in Poland?

Obtaining a crypto license in Poland opens up wide opportunities for conducting legal business in the field of virtual currencies. In order to quickly obtain a license, contact IT-OFFSHORE specialists who have extensive experience in obtaining a cryptocurrency license in Poland. Despite the complexity and length of the process, licensing provides a reliable basis for the company's development in the European market.