Is cryptocurrency exchange business regulated in Poland?

Is cryptocurrency exchange business regulated in Poland?

Yes. Regulations related to cryptocurrency market in Poland -The Act of March 1, 2018 on the prevention of money laundering and financing of terrorism (hereinafter the „AML act”). The act contains, among others, legal definition of cryptocurrency (virtual currency), requirements for providing crypto exchange and crypto e-wallet services in Poland, such as obtaining of so called “crypto exchange license”, KYC procedures, reporting obligations etc.

On the other hand, cryptocurrency exchange, as a rule, is not subject to regulations applicable to financial market institutions, such as payment institutions, EMI

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