Polish financial regulator — the financial supervision Commission (KNF) noted that in the country there is no ban on trade cryptocurrencies. The entrepreneur can engage in any activity not prohibited by law, so the Commission his statement.
“In the Polish legal system there are no rules prohibiting trade as exchanges or exchange points of cryptocurrencies, which means keeping on the territory of Poland activities in the form of a share exchange or cryptocurrency and cryptocurrency trading is not prohibited and, therefore, are legitimate,” the document reads.
However, the KNF said that since July 13, all actors in the field of cryptocurrency trading, will be the “compulsory institutions” under the act of March 1, 2018 “On combating money laundering and financing of terrorism”. They will have to complete all of these responsibilities, said the regulator.
In late may, KNF launched a national media company by warning users about the risks associated with cryptocurrencies and investments in them. Previously the Central Bank was created with a similar purpose special website. It was also reported that the Central Bank of Poland, KNF and paid youtube bloggers for the videos, put the cryptocurrency in a negative way.
We will remind that earlier the Polish crypto currency exchange BitBay decided to move to Malta, because they could not get banking services in the country.