The financial supervision Commission of Poland (KNF) licensed startups Coinquista and Bitclude, according to the Finance Magnates.
Both companies offer cryptocurrency related services, including trading platforms and wallets. However, the KNF licenses do not specify the possibility of providing such services in Poland.
According to the explanations KNF, the new license allows Coinquista and Bitclude to provide a wide range of payment services, including accepting cash deposits, making payments, using debit cards, etc. On the regulator’s website you can find information about that trade in digital assets, as well as the work of cryptocurrency companies, not prohibited by law. Consequently, transactions with virtual currencies a “legitimate in the territory of the Republic of Poland”.
It is noteworthy that at the beginning of last year, the Polish government spent 91 200 zlotys ($27 000) to Finance a propaganda campaign against the cryptocurrency. Moreover, last spring it became known that the largest Polish crypto currency exchange Bitbay moved to Malta because of the refusal of local banks to cooperate with the company.
ForkLog also earlier reported that Poland will impose a tax of 19% on income from cryptocurrency transactions.