
The implementation of MiCA regulation in Poland has become not just another stage of tightening control, but a real paradigm shift for the market. Previously, the registration of crypto business in Europe, and in particular in Poland, was based on national standards, where the role of the KNF (Financial Supervision Commission) was key, but the framework was relatively flexible. Now, the EU CASP license has become a universal “pass” for cross-border crypto services, and the AML/KYC and compliance requirements are unified for the entire European market.
Thus, the transition to regulation according to MiCA standards inevitably entails a revision of approaches to licensing crypto business in Poland, which is detailed in the new requirements for market participants.
Licensing of Crypto Business in Poland: Changes
Before the implementation of MiCA, the process of obtaining a crypto license in Poland was relatively quick, with minimal capital requirements, a standard procedure for checking beneficiaries, and basic internal control. Intra-group compliance procedures were often limited to formal policies, and integration with the EU anti-money laundering directive remained at the company’s discretion.
With the implementation of MiCA, the situation changes significantly:
- The capital requirements for CASP start at €50,000, and only own funds are considered.
- The implementation of the MiCA transition period Poland implies mandatory integration of new standards into national law, requiring a review of all documentation and business processes.
- Compliance becomes an integral part of operational activity: internal audit, enhanced KYC, regular reporting on suspicious transactions, and mandatory sanctions list checks.
COREDO’s experience shows: companies that started restructuring their AML/KYC procedures in advance and integrated risk assessment of crypto assets went through Licensing faster and with fewer costs.
EU CASP License for Business
MiCA Requirements for Crypto Companies in Poland
MiCA sets standards that affect all key aspects of crypto companies’ activities: from AML/KYC to IT infrastructure and internal control requirements. The KNF Poland financial supervision now operates in close cooperation with European regulators, and bank accounts for crypto businesses in Poland are opened only with full compliance with the new standards.
As a result, crypto companies in Poland require constant procedure updates, making the implementation of new AML/KYC standards a key step towards full compliance with MiCA.
AML/KYC: New Standards and Practice
The impact of MiCA on AML procedures cannot be overestimated: now crypto companies are required to implement not only standard KYC procedures but also advanced transaction control mechanisms, automatic reporting on suspicious operations, and regular compliance checks against sanctions lists.
COREDO’s practice confirms: automating the assessment of crypto asset risks and implementing comprehensive AML/KYC policies can significantly reduce the likelihood of refusal during licensing and minimize the risks of fines.
MiCA Financial and Technical Requirements
Personnel and Internal Audit: Management Structure
MiCA requires that key managers and beneficiaries undergo fit and proper checks, verifying compliance with professional and reputational standards. Internal auditing in crypto companies becomes a mandatory element: regular process checks, reputation risk management, and implementation of internal control policies.
COREDO’s experience showed: companies that invested in staff training and the development of internal control systems were not only faster at getting licensed but also reduced the likelihood of future regulatory claims.
Crypto License in Poland: New Rules
Application Submission Stages
The MiCA transition period in Poland provides a “window” for submitting applications: companies already operating in the market must submit a complete package of documents within 18 months of MiCA’s entry into force. New players must go through preliminary notification and get KNF approval before starting operations.
In practice, COREDO recommends preparing documents in advance: preliminary expert assessment, business process audit, and compliance due diligence significantly reduce application review time.
Documents for Application Submission
The standard package of documents includes:
- Business plan with financial forecasts and AML/KYC strategy.
- Confirmation of capital sources (only own funds, minimum €50,000 for CASP).
- Internal control policies, criminal record certificates, confirmation of key employees’ qualifications.
- Description of IT infrastructure, cybersecurity, and data protection measures.
Challenges for Crypto Companies in Poland Post-MiCA
Typical Mistakes and How to Avoid Them
- Underestimation of compliance requirements: a formal approach to AML/KYC leads to refusals and fines.
- Lack of internal audit and regular checks.
- Incomplete document package or personnel qualification mismatch.
Recommendation: conduct regular internal audits, implement due diligence at all stages, and use automated transaction control systems.
Risks for Management and Their Responsibility
Licensing and Scaling Crypto Business in the EU
Preparation for CASP License in the EU
Effective preparation includes:
- Development and implementation of compliance documentation in line with EU standards.
- Training personnel on new requirements and ongoing professional development.
- Implementing IT solutions to automate transaction monitoring and reporting.
How to Increase Transparency and Customer Trust
Financial transparency and internal auditing of crypto companies are key to gaining trust from clients and partners. Implementation of transaction control mechanisms, regular reporting, and reputation management are mandatory elements of a modern business model.
AI and Cybersecurity for MiCA
Implementing the AI Act and DORA requires integrating cybersecurity solutions: data protection, digital resilience, regular IT system testing.
Key Advice for Entrepreneurs
Criterion | Before MiCA (national law) | After MiCA (EU unified standards) |
---|---|---|
Regulatory Authority | KNF (Poland) | KNF (considering MiCA, EU passporting) |
Capital Requirements | Flexible | €50,000+ for CASP, only own funds |
AML/KYC | National standards | EU unified standards, enhanced control |
Passporting | No | Yes, throughout the EU |
Liability | Limited | Enhanced, including fines and license revocation |
Compliance | Minimal | Mandatory internal audit, DORA, AI Act, etc. |
Checklist for Preparing for Licensing:
- Conduct an audit of current AML/KYC procedures.
- Prepare and approve a business plan considering MiCA.
- Ensure IT infrastructure compliance with DORA and AI Act requirements.
- Verify the qualification and reputation of key employees.
- Implement internal audit and regular reporting.
- Prepare a document package for submission to KNF.
Actionable advice:
- Choose jurisdiction considering strategic goals and European passporting possibilities.
- Optimize business processes for new MiCA standards.
- Invest in staff training and compliance automation.
- Use COREDO’s experience to minimize risks and speed up the licensing process.
To gain maximum benefits from the implementation of new MiCA rules, familiarize yourself in advance with typical questions and features of obtaining a crypto license in Poland.
MiCA and Crypto License in Poland, FAQ
How to get a crypto license in Poland after MiCA’s implementation?
What requirements does MiCA impose on crypto companies in 2025?
How does MiCA affect AML/KYC processes for crypto business in Poland?
How to prepare a company for CASP licensing in the EU?
How to open a bank account for a crypto company in Poland?
MiCA and Entering the European Market for Crypto Business
COREDO’s practice shows: companies that adapt to new standards in time, invest in compliance and internal control, not only successfully go through licensing but also become market leaders. If your goal is not just to survive in the MiCA era but to use new opportunities for growth, a strategic approach and the support of COREDO experts will help achieve this task most effectively.