May 12, 2025 (Investorideas.com Newswire) A crypto license in Poland can open a world of possibilities both for established companies and startups. It is a highly valued, reputed, and recognised international authorisation that can help your business expand its European presence. For those thinking of securing a VASP registration in Poland, here are the key takeaways.

The is a practically universal permit that allows a company to perform a wide range of blockchain-related activities. There are countless business types and operational models depending on the purpose of your company. They include: 

The planned activities of the company must be described in detail and submitted along with the primary licensing application to the Polish authorities. 

All Polish VASP licenses are curated and issued by the Tax Administration Chamber in Katowice, which is part of the Polish Ministry of Finance (MFA). The standard corporate tax rate in Poland is 19%, which is significantly lower compared to other EU countries. Besides, it is possible to reduce this tax to 9% for companies whose yearly revenue does not exceed 2 million EUR. This tax benefit applies only for the first 2 years of the company's operations. In addition, no VAT is imposed on financial services in Poland. 

If you operate under the VASP authorisation in Poland, your company is not allowed to offer services and conduct transactions in other European countries. The reason is that, unlike traditional financial licenses, the Polish VASP registration does not grant EU-wide passporting rights. However, this situation is soon to change under the influence of the new Markets in Crypto-Assets (MiCA) regulation in the EU, which will allow crypto companies to operate all across the European Union. 

The compliance procedure for applying for a Polish VASP consists of several main components. First of all, one must register a company in Poland with a legal address in the country. Then, it is important to gather all the necessary AML/CFT documents and protocols for compliance, as well as hire a responsible AML Officer to oversee the company's compliance processes. Once a set of required paperwork is gathered, one can either submit an application with the Polish Financial Supervision Authority (KNF) or through the Ministry of Finance VASP register.

Obtaining a crypto license is key to establishing your presence and reputation in the European crypto market and business sector. Companies operating under a license are legally compliant, and their operations are transparent. This, in turn, increases the overall trustworthiness of a business in the eyes of customers, investors, and partners. Besides, companies registered in reputable jurisdictions like Poland do not face difficulties in opening corporate bank accounts. Banking institutions tend to have increased trust in such companies. 

The business models mentioned above are the main choices of crypto firms in Poland. Licensed entities or applicants usually plan to operate crypto exchanges (centralised or OTC desks), provide custodial wallet solutions, crypto payment gateways, tokenisation platforms (e.g., real estate or asset-backed tokens), advisory services, and NFT marketplaces. 

Generally, banks and other traditional financial institutions tend to mistrust companies involved in crypto-related activities. Nevertheless, the stereotype is rapidly changing for the better, especially with the enforcement of the MiCA regulation. Overall, licensed crypto companies, especially those registered in the EU, have a higher chance of securing banking connections, which are essential for finance-related firms. 

First of all, banking access issues might still be persistent, and a company might be requested to prove its credibility to the financial authority before obtaining an account. Then, there can be a degree of regulatory uncertainty, especially given the rapid development and enforcement of new regulations, which leave many unanswered questions for the entrepreneurs. The compliance policies and frameworks of a company must be updated regularly to eliminate the risk of license revocation. In addition, the cybersecurity of the company might be targeted due to the possibility of breaches, which is why a regular technical audit is highly advisable. At the same time, it is possible to mitigate or even completely avoid all these issues if you work on obtaining the authorisation with a trusted legal partner. 

Poland actively oversees the development of its crypto sector, as well as all the local and international businesses involved in it. The KNF (Financial Supervision Authority) issues public warnings and guidance, including those that relate to the implementation of new regulations. The VASP registry is managed by the Polish Ministry of Finance. On different occasions, government bodies cooperate with industry stakeholders to improve clarity and encourage responsible innovation. In addition, the country has several crypto/blockchain associations, including the Polish Blockchain Association, that engage with regulators to promote crypto initiatives in the country on a global scale.

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