Crypto Licensing in Poland: Changes in 2025
In recent years, the topic of cryptocurrencies and their regulation has become relevant on both the international and national arenas. In particular, Poland is taking significant steps in the context of licensing crypto assets. In 2025, according to forecasts, important changes are expected related to the new requirements for the Crypto-Asset Service Provider (CASP) in accordance with the MiCA (Markets in Crypto-Assets) regulations.
New licensing requirements
With the entry into force of the new MiCA legislation (Regulation on Crypto Asset Markets) in 2025, the CASP license will become mandatory for all organizations providing services related to crypto assets. These services may include custody services and administration of crypto assets, management of trading platforms, exchange of crypto assets, as well as advisory services and portfolio management.
Key changes coming into effect in 2025:
- CASP classification: Licensing will be structured by class, which will clearly define the capital requirements and obligations for different types of activities.
- Stricter AML requirements: Companies will be required to implement anti-money laundering (AML) systems, which includes the development of detailed procedures and regulatory frameworks.
- Technical requirements: The need to ensure ICT security and compliance with DORA (Digital Operational Resilience Act) will be a prerequisite for obtaining a license.
The KNF Authorization Application Process
Preparation for obtaining a license from the Polish Financial Supervision Commission (KNF) requires several steps:
- Collection of Documentation: It is necessary to prepare certified documents on the legal status, criminal record and reputation of key shareholders.
- Business Program: Companies must provide a detailed description of the business model, services, and operating structure.
- AML Procedures and Risk Management: Developing effective procedures for compliance with AML standards and risk management is critical.
- Technical documentation and continuity plans: Ensuring incident preparedness and compliance with ICT standards.
Expected dates
The preparatory stage will take approximately up to two months, while the overall licensing process may take time, depending on regulatory checks and possible additional requests.
Conclusion
The regulation of the crypto asset market in Poland will continue to evolve. Organizations intending to provide CASP services must be prepared for changes and adapt to new requirements. IT-OFFSHORE is ready to assist in this process by providing qualified legal services to successfully obtain a license and comply with all necessary regulatory requirements.
Taking into account the new challenges in the crypto asset industry and changes in legislation, your organization will become one step closer to successful operation in the market if it uses experienced support in the licensing process.
