The requirements for obtaining a cryptocurrency license and registration in a special registry apply to Polish companies providing the following services:
- Exchange of virtual currencies for fiat money (cryptocurrency exchangers, cryptocurrency exchanges)
- Exchange of virtual currencies for other virtual currencies
- Provision and maintenance of accounts for virtual currencies (cryptocurrency wallets)
- Virtual currency exchange services (brokerage services)
The register of cryptocurrency companies will be controlled by the Polish Ministry of Finance. This registry was activated on November 1, 2021. Companies that have carried out activities in the field of virtual currencies in Poland before November 1, have an additional 6 months to adapt the business to the new requirements and pass the licensing procedure.
New crypto companies in Poland, which will be registered after November 1, 2021, must undergo a registration procedure in the registry before starting activities.