COREDO > Licensing > Cryptocurrency license in Poland

Cryptocurrency license in Poland

Virtual Asset Service Provider (VASP)

A cryptocurrency licence in Poland enables companies to lawfully provide crypto-asset services in compliance with European Union legislation. Registration as a Crypto-Asset Service Provider (CASP) with the Polish Financial Supervision Authority (KNF) ensures compliance with MiCA requirements and fosters a high level of trust among clients, banks, and business partners.

Poland combines a stable financial system with transparent regulation and a pragmatic approach to developing the crypto industry, making the jurisdiction well-suited for launching and scaling crypto projects within the EU.

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Cost of the service
from 56 400 EUR

Poland is becoming an increasingly attractive jurisdiction for conducting cryptocurrency business within the European Union. The country offers a favourable economic environment and transparent requirements for companies operating with virtual assets.

The crypto market in Poland is regulated in accordance with European legislation, including the Markets in Crypto-Assets Regulation (MiCA), which ensures a high level of trust among clients and partners. To operate legally, companies are required to register as a Crypto-Asset Service Provider (CASP) with the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego, KNF).

Poland is characterised by a stable banking system, actively supports digital innovation, and demonstrates a balanced approach to the regulation of the crypto industry. The state fosters the development of cryptocurrency projects and maintains a transparent and secure business environment.

Accordingly, registering a cryptocurrency business in Poland not only provides access to the European market but also ensures that a company’s activities comply with the current requirements of EU legislation.

Regulatory framework

Cryptocurrency activities in Poland are regulated under European Union legislation, in particular by the Regulation of the European Parliament and of the Council on Markets in Crypto-Assets (MiCA). This Regulation was adopted at the EU level and is directly applicable in all Member States, including Poland.

MiCA establishes a harmonised regulatory framework for crypto-asset market participants, ensuring transparent and stable operating conditions. Its primary objectives are the protection of investors, the safeguarding of financial stability, and the promotion of innovation within the crypto-asset sector.

Under MiCA, crypto-asset service providers (CASPs) are required to obtain the relevant licence, which covers a wide range of activities – from issuing tokens and managing crypto-wallets to operating cryptocurrency exchanges.

Thanks to the harmonised standards established by MiCA, cross-border operations of crypto companies within the EU are simplified, while trust among users and investors is significantly increased. For entrepreneurs, this means clear rules and stable regulation, providing a reliable framework for business development both in Poland and across Europe.

Categorisation of crypto licences in Poland

Following the adoption of the Markets in Crypto-Assets Regulation (MiCA) in the European Union, including Poland, a new licensing framework has been introduced for crypto-asset service providers (CASPs).

01Crypto-asset Service Provider (CASP)

A legal entity engaged in activities involving crypto-assets. Such entities are divided into three classes depending on the scope of services provided.

Class 1:

Execution of orders for the purchase or sale of crypto-assets on behalf of clients.
Placement of crypto-assets on the market.
Reception and transmission of client orders.
Provision of advice relating to crypto-assets.
Portfolio management of crypto-assets.
Transfer of crypto-assets between addresses or wallets.

Class 2 (in addition to Class 1):

Safekeeping and administration of crypto-assets on behalf of clients (custody services).
Exchange of crypto-assets for fiat currency or other crypto-assets.

Class 3 (in addition to Class 2):

Operation of trading platforms for crypto-assets.

02Issuer of asset-referenced tokens

Issues crypto-assets tied to value (for example, tokens linked to commodities, currencies or property rights).

03Issuer of e-money tokens

Issues tokens backed by official currency and treated as electronic money.

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Benefits of obtaining a cryptocurrency licence in Poland

A licence issued in Poland is valid across all EU Member States, thanks to EU-wide regulation and the passporting principle.

Poland implements the provisions of MiCA and the EU AML directives clearly, providing a predictable legal environment for crypto businesses.

Obtaining a CASP licence in Poland involves fewer bureaucratic procedures than in some other EU countries, which accelerates the launch of a business.

Polish banks actively work with crypto companies, facilitating the opening of accounts and the execution of international transactions.

Operating in accordance with European standards enhances a company’s reputation and simplifies entry into international markets.

Cost of Obtaining a Licence in the Poland

COREDO offers its clients the option to select any of the following services individually or as part of a full package.

01. Company registration and comprehensive due diligence

6000 EUR + VAT

Advice on selecting the appropriate legal form and company structure.
Preparation of constitutional documents.
Registration with the National Court Register (KRS).
Obtaining NIP, REGON and VAT numbers (if applicable).
Opening a bank account.
Conducting due diligence on the company, its board members and beneficial owners.

02. Preparing the company for a MiCA licence

24000 EUR + VAT

Analysis of MiCA requirements in relation to the company’s activities.
Development of internal policies (AML/KYC, risk management, cybersecurity).
Internal audit and verification of compliance procedures.
Advice on implementation and personnel selection.
Preparation of documentation for submission to the Polish Financial Supervision Authority (KNF).

03. Application submission and licence support

26400 EUR + VAT

Submission of the application to the Polish Financial Supervision Authority (KNF).
Representation of the client’s interests and communication with the regulator.
Support in meeting any additional requirements.

The price may vary depending on the specific project.

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Factors affecting the final cost of COREDO services:

Results of the Initial Case Assessment — determining the level of COREDO specialists’ involvement in preparing the application and developing the required documents.
Necessary Classes of services within CASP.

Payment Terms

First instalment

6 000 EUR.

Payable within five working days from the date of signing the agreement. Covers the services included in Stage 1.

Second instalment

24 000 EUR.

Payable within five working days after completion of Stage 1. Covers the services included in Stage 2.

Third instalment

18 000 EUR.

Payable within five working days after completion of Stage 2. Covers the services included in Stage 3.

Fourth instalment

8 400 EUR.

Payable within five working days from the date of the decision of the Polish Financial Supervision Authority.

Requirements for obtaining a crypto licence in Poland

To obtain a CASP (Crypto-Asset Service Provider) licence in accordance with the Markets in Crypto-Assets Regulation (MiCA), a company must meet several organisational, financial and technical requirements. The key requirements are set out below:

Capital and operational requirements

Companies must comply with the minimum share capital requirements applicable to the relevant licence class, ranging from EUR 50,000 to EUR 150,000.
The company must establish and maintain appropriate operational procedures, resources and internal control systems to ensure reliable operations and the protection of clients’ interests.

Consumer protection and risk management

An internal risk management framework must be implemented, including processes for risk assessment, mitigation and response.
Companies are required to ensure full transparency, including disclosure of risks associated with their services, fee structures and terms of service.

Compliance with AML / KYC requirements

All service providers must implement effective anti-money laundering (AML) and customer due diligence (KYC) procedures.
A designated AML Officer must be appointed, and up-to-date internal policies must be maintained in accordance with applicable EU directives.

Licensing and supervision

Any activity involving crypto-assets requires the appropriate CASP licence.
Supervisory oversight is exercised by the competent authorities of the country of registration (in Poland, the Polish Financial Supervision Authority, KNF).

Technical security and data protection

Companies must implement robust technical measures to safeguard client data and crypto-assets.
Appropriate information security measures must be in place, including data backup, access control and protection against cyber threats.

Documents required for obtaining a CASP licence in Poland

To submit an application for a crypto-asset service provider (CASP) licence in Poland, the following set of documents is required:

Constitutional documents

Articles of association, registration data, ownership structure, and certificates confirming the absence of criminal records for management and owners.

Business plan

Description of activities, list of services, target markets, operational workflow, partners, and resources for a three-year period.

Financial information

Documents confirming the availability of capital and liquidity, as well as readiness to comply with regulatory requirements and maintain financial reporting.

Policies and procedures

AML/KYC documentation, internal control procedures, risk management processes, and complaint handling procedures.

IT security and data protection

Description of the technical infrastructure, cybersecurity measures, and safeguards for client information.

Information on personnel

Resumes of key personnel, confirming their professional experience, qualifications, and roles within the company.

Client-related documents

Contract templates, terms of service, disclosure of risks, and fee structures.

Stages of obtaining a crypto licence in Poland

Company registration and comprehensive due diligence

Advice on selecting the appropriate legal form and company structure.
Preparation of constitutional documents.
Registration with the National Court Register (KRS).
Obtaining NIP, REGON and VAT numbers (if applicable).
Opening a bank account.
Conducting due diligence on the company, its board members and beneficial owners.
Timeline: 2–4 weeks.

Preparing the company for a MiCA licence

Analysis of MiCA requirements in relation to the company’s activities.
Development of internal policies (AML/KYC, risk management, cybersecurity).
Internal audit and verification of compliance procedures.
Advice on implementation and personnel selection.
Preparation of documentation for submission to the Polish Financial Supervision Authority (KNF).
Timeline: 1–2 months.

Application submission and licence support

Submission of the application to the Polish Financial Supervision Authority (KNF).
Representation of the client’s interests and communication with the regulator.
Support in meeting any additional requirements.
Timeline: approximately 4–6 months, depending on the duration of the review process.

COREDO’s support in obtaining a cryptocurrency license in Poland

Pavel Kos

Head of the legal department

Basang Ungunov

Lawyer at Legal Department

Yulia Zhidikhanova

Customer Success Associate

By working with COREDO, you benefit from:

In-depth expertise

We understand all the nuances of crypto regulation across different jurisdictions.

End-to-end support

We handle the entire licensing process — from application to registration.

Tailored approach

We customise our solutions to your business model, covering exchanges, brokers, DeFi projects, and other structures.

Post-licensing support

We provide advice on AML, reporting, and regulatory compliance.

Transparency and trust

We operate fully within the law, strengthening your reputation with banks and business partners.

This article has outlined the main requirements and stages for obtaining a CASP licence in Poland. For certain types of activities, such as the issuance of asset-referenced tokens, additional requirements may apply.

The cryptocurrency market is rapidly evolving, and regulatory rules are constantly being updated. Therefore, to ensure successful licensing and full compliance, it is recommended to engage the experienced specialists at COREDO, who can help avoid errors and accelerate the process.

Do you still have questions about obtaining a licence for your business? Get a consultation on CASP licensing in the Poland today.

Our expert will contact you and explain how to obtain a licence for your business without unnecessary delays.

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