Poland is a state in Central Europe. Poland is a former socialist country, so its economy was greatly impacted by the political events of the early 1990s. Since 2004, the country has been a member of the European Union. According to The World Bank, Poland is 24th in the world by nominal GDP. In terms of Bitcoin in Poland, the authorities do not prohibit using digital money, seeing the possible benefits for the country, and now they are in the process of crafting cryptocurrency regulation that will satisfy Polish legislation. Bitcoin mining in Poland is allowed, though it is still under discussion if Bitcoin will either be an official way of payment in Poland or just a digital asset.
The cryptocurrency market is “neither regulated nor subject to supervision” to the Polish Financial Supervision Authority, the regulator said.
Poland financial regulator issues public warning about Binance
On Jan. 22, an attacker shot two employees at a cryptocurrency and gold exchange in the Polish city of Olsztyn, escaping with over $120,000 in gold.
Polish crypto exchange employee in induced coma after armed attack
Olsztyn, Poland is using SmartKey built on Ethereum to streamline emergency services.
Polish city becomes first to adopt Ethereum blockchain for emergency services
The pandemic-induced crisis is galvanizing new trends across all aspects of the global economy, including digital currencies.
Russia's central bank says the pandemic has accelerated regulators' interest in CBDCs
Law enforcement representing 16 different countries cooperated to arrest 20 members of a global crypto-powered money laundering cartel in just one of the cases.
33 money laundering crypto criminals targeted worldwide in 3 separate cases
The PFSA warns scammers are asking people to send cryptos to verify a transaction’s legality before depositing them in a fake investment fund.
Polish Financial Watchdog Impersonated by Crypto Scammers
Publicly-backed VC firms are stepping in where private investors retreat, according to a new report on Central and Eastern European tech investments.
As Private Seed Funds Dry Up, European Blockchain Firms Seek Public Backing