CASP License in Poland: New Opportunities for Crypto Business
Poland is a developing country in Central Europe, a member of the European Union, with a stable economy, modern infrastructure and a favorable business climate. In recent years, Poland has established itself as an attractive destination for investors and technology companies, including in the field of financial technologies and blockchain solutions. The country's geographical location, highly qualified workforce and active digitalization of the economy contribute to the country's emergence as an important player in the field of innovation and digital assets. In the context of the rapid growth of the cryptocurrency industry, European countries continue to develop legal regulatory mechanisms, creating a favorable environment for the legal activities of companies related to crypto assets. Poland is one of such countries where entrepreneurs can obtain a CASP(Crypto-Asset Service Provider) license and gain access to the European digital asset market.
What is a CASP license
A CASP (Crypto-Asset Service Provider) license regulates a wide range of activities related to cryptocurrencies. It covers the following areas:
- Storage and management of crypto assets on behalf of clients
- Management of trading platforms
- Exchange of crypto assets for fiat currencies and vice versa
- Exchange of crypto assets between themselves
- Execution and placement of orders
- Reception and transmission of orders
- Consulting on issues related to crypto assets
- Crypto portfolio management
- Crypto asset transfer services.
Obtaining such a license allows companies to legally provide crypto services in the EU, attract institutional clients and build trust with users and partners.
Main requirements for obtaining a CASP license
To obtain a CASP license in Poland, a company must meet a number of conditions:
- Office in the country - The company must have a physical presence and operate in the licensing country.
- Board of directors - At least one director must be an EU resident, and the board as a whole must be located within the European Union.
- Minimum capital investment — The share capital requirements depend on the range of services provided.
- MiCA-compliant documentation — Includes internal policies, procedures, AML documentation and compliance with European standards (RTS, ITS, GL).
- Compliance with qualification requirements — The requirements apply to shareholders, directors, MLROs (money laundering prevention officers) and other key persons.
Specifics of licensing in Poland
In Poland, the process of obtaining a CASP license is regulated by the KNF. An important feature of the Polish approach is that the MiCA regulation is in the process of finalization, and some requirements may be finalized. This implies possible changes in the cost structure and the list of mandatory conditions - for example, in terms of IT audit, hiring MLRO or calculating annual fees.
Why is it important
Having a CASP license allows you to operate legally, gain access to banking and payment services, increase customer and investor confidence, and comply with regulatory requirements within the European Union. This is critical for both startups and existing companies seeking to scale internationally.
IT-OFFSHORE provides a full range of services to support the CASP licensing process in Poland. We will provide you with legal, administrative and expert support at all stages, helping you build a transparent and sustainable crypto business in the EU.
