Why do you need a crypto license in Poland? What is needed to obtain such a license?
What Are the Legal Requirements for Operating a Cryptocurrency Business in Poland, And Why Is a Crypto License Essential for Compliance?
In Poland, the Chamber of Tax Administration regulates the regulations that any crypto businesses must follow. Companies in Poland are required by law to register with the Polish company registry via the portal for public administration services or other means.
You need to fulfill the eligibility requirements and submit the required documentation within 14 business days to complete the registration procedure. There is a potential punishment of roughly €22,000 for not obtaining the license by still carrying out crypto activities. Registration is required for crypto-to-fiat and crypto-to-crypto exchanges, wallet services, brokerage services, among many ot...