Cryptocurrency license in Poland

Poland is an attractive jurisdiction for conducting cryptocurrency business. Since 2021, state regulation of business activities in the cryptosphere has been in force here. Notably, unlike many other countries, Poland does not issue cryptocurrency licenses in the traditional sense. Instead, it has a crypto-authorization procedure. To work with crypto assets, a company only needs to be registered in a special Register of Activities Related to Virtual Currencies (Rejestr działalności w zakresie walut wirtualnych). Failure to comply with this requirement can result in a fine of 100,000 zlotys (about 25,600 euros).

The operation of cryptocurrency companies in Poland is regulated by the Anti-Money Laundering and Anti-Terrorist Financing Law of 2018, as amended in 2021. Currently, the cryptocurrency business is administered by the Chamber of Tax Administration (Administracji Skarbowej w Katowicach), which maintains the Register of Activities Related to Virtual Currencies.

Cost of services for obtaining a cryptocurrency license in Poland

The cost of the package of services provided by COREDO starts from 9,000 euros plus VAT. Please note that the price may vary depending on the specific case.

The package of services for obtaining a cryptocurrency license in Poland includes:

• preparation of documents for registration and establishment of a new company in Poland (physical/remote registration);
• acquisition of a legal address for the company for one year;
• payment of government fees associated with the registration and establishment of the company;
• registration and establishment of a company in compliance with the legislation;
• preparation of documents and applications for obtaining a license;
• submission of an application and its support;
• issuing an ePUAP electronic signature to the beneficiary;
• assistance in opening a bank account for the company;
• preparation of standard internal AML/CFT documentation in compliance with AML/CFT legislation;
• consulting services.