Poland Crypto License
Before starting a business, everyone needs to know what specific activities the company will be entitled to engage in. The company will be able to operate in the following areas (all at once):
Exchange of virtual currency to fiat currency;
Exchange of fiat currency to virtual currency;
Exchange of virtual currency to another virtual currency;
Storage of virtual currency on behalf of your clients;
Transfer of virtual currency between wallets;
Hosting ICOs with utility tokens on your platform.
Thus, with this crypto authorization, your company falls under the general concept of a Virtual Asset Service Provider (VASP), which allows you to provide services to your clients within the European Economic Area and worldwide.
Example 1: You notice a demand in the market for cryptocurrency exchange services (BTC to EUR, USD to ETH etc.) and/or services for opening cryptocurrency custodial wallets. With your knowledge and experience, you decide to set up or purchase a cryptocurrency company in Poland. This allows you to offer these services to your clients, assuring them of your professional expertise.
Example 2: You have a strong interest in trading (peer to peer, etc.) on cryptocurrency exchanges (OKX, Binance, Uniswap, OpenPeer and others) using your personal funds. However, you encounter limitations when operating as an individual, or you’re unable to open professional accounts. By registering or acquiring a crypto authorized company in Poland, you expand your capabilities and gain the legal framework to operate within the field.
If you are planning another activity that does not correspond to the examples above, or if you still have doubts, you can always contact our specialists. They will carefully study your request and provide individual advice.