Open a Cryptocurrency Company in Poland

Open a Cryptocurrency Company in Poland

Updated on Thursday 08th February 2018

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Open-a-Cryptocurrency-Company-in-Poland.jpgPoland has a progressive view on the use of blockchain technology and the adoption of cryptocurrencies. Investors who open a cryptocurrency company in Poland have access to a large internal market and all of the advantages Poland has to offer to foreign investors. 
There are no specific regulations for the use of cryptocurrencies in Poland, however, some regulations are likely to be enforced as part of a larger trend across EU countries. Our team of Polish lawyers can help answer your questions about the present laws concerning the use of cryptocurrencies.

Cryptocurrency uses in Poland

The use of virtual currencies, which includes trading and mining, has been recognized in Poland since 2016. While there are no explicit rules and regulations for cryptocurrency trading markets, the Polish Financial Supervision Authority has the right to focus on the activity that takes place within these markets and act as a watchdog. 
Blockchain technology is promoted in Poland through a special project, the Polish Accelerator of Blockchain Technology, with started in 2016 and will end in 2019. The project will focus primarily on the use of blockchain technology. 
The Polish Government is taking a few steps in order to regulate cryptocurrencies, starting with Bitcoin, however, until now the lawmakers have only presented a draft law for a set of rules meant to ensure that the use of these cryptocurrencies is in line with the anti-money laundering provisions.
Entrepreneurs who are interested in knowing more about the anti-money laundering provisions can talk to one of the experts at our Polish law firm.

How to open a company in Poland

Our attorneys in Poland can help you each step of the way if you are interested in opening a Polish company.
The Polish Sp.Z.O.O. is the equivalent of the private limited liability company and it a preferred type of legal entity. All new companies need to be registered with the National Court Register and for tax purposes.
Contact our law firm in Poland for detailed information about investments and the different regulations for entrepreneurs.