MiCA in Poland, new crypto regulations

MiCA in Poland – new crypto regulations The draft of new Polish regulation on crypto-assets has been submitted for public consultation. New law is a result of the adoption by the European Parliament and the Council (EU) of Regulation 2023/1113 of 31 May 2023 on accompanying information for transfers of funds and certain crypt-assets and amending Directive (EU)…

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Quarterly report of VASP in Poland, final form, Part III

Read more about the article Quarterly report of VASP in Poland, final form, Part III
Quarterly report of VASP in Poland,; Polish VASP, crypto license in Poland, reporting obligation in Poland

Quarterly report of VASP in Poland, final form Link to Part I questions indicated in quarterly report of VASPs in PolandLink to Part II questions indicated in quarterly report of VASPs in PolandSection 3 (Grupa 3)Active clientsTotal amount of active clientsTotal amount of VASP’s active clients.Active client - a client to whom VASP applies simplified financial security measures,…

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Quarterly report of VASP in Poland, final form, Part II

Read more about the article Quarterly report of VASP in Poland, final form, Part II
Quarterly report of VASP in Poland,; Polish VASP, crypto license in Poland, reporting obligation in Poland

Quarterly report of VASP in Poland, final form Link to Part I questions indicated in quarterly report of VASPs in PolandLink to Part III questions indicated in quarterly report of VASPs in PolandSection 2 (Grupa 2)Cash transactions (Transakcje gotówkowe)Cash Overall, Cash withdrawals, Cash Transactions Does VASP perform cash deposits or withdrawals? Number of cash withdrawals. Value of cash…

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Quarterly report of VASP in Poland, final form

Read more about the article Quarterly report of VASP in Poland, final form
Quarterly report of VASP in Poland,; Polish VASP, crypto license in Poland, reporting obligation in Poland

Quarterly report of VASP in Poland, final form At the beginning of 2024, final form of quarterly report of VASPs in Poland was published. Access to the form is reserved only via Polish Regulator online webpage system. Moreover form available is only in Polish language version. This article contains:Information about obtaining access to GIIF’s online system, including submitting…

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New reporting obligations – VASPs in Poland

New reporting obligations - VASP in Poland As of beginning 2024, VASPs in Poland will be obligated to fulfill new reporting obligations. Upon Polish Regulator (pl: “GIIF”) request, cryptocurrency company shall submit quarterly reports with statistical data. First report (for IV quarter of 2023) has to be submitted until 18/01/2024. Legal basis of new reporting obligations of Polish…

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SPI in Poland – new requirements

Small Payment Institution in Poland – new requirements As of 29 September 2023 and 1 January 2024 and 29 March 2024 new regulation connected with requirements of SPI in Poland comes to force. Significant amendments to Polish Payment Services Act are effective which regulate Small Payment Institution activity in far more strict way.  New regulations apply toprocess of registration…

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Polish crypto license for foreign company

Polish crypto license for foreign company It has been over a year now since new regulations of Polish VASP Register were introduced to Polish law. My Law Firm in Poland significantly expanded experience and knowledge in Polish AML law area. In a natural way AML legislation has become my main specialization with particular emphasis on virtual currency business…

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Crypto License in Poland – FAQ

Crypto License in Poland - FAQ As of 1st November 2021, business in the field of cryptocurrency in Poland became regulated. As of this date, Cryptocurrency Register in Poland was activated. Therefore, obtaining crypto license in Poland has to be understood as entry into Polish Register of Virtual Currency activities.Some basic information about Polish Register of Virtual Currency…

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Online exchange office in Poland

Online currency exchange office in Poland As a rule currency exchange services in Poland  is regulated business activity and requires entry into register. However, situation of online currency exchange office in Poland situation is completely different. Legal situation of currency exchange services Currency exchange business in Poland may be operated by person who has clear criminal record in respect of…

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