Poland is a rapidly growing country in Central Europe with a diverse and dynamic economy. With a population of over 38 million people, Poland is the sixth-largest economy in the European Union and has experienced consistent economic growth in recent years. Poland also has a strong economy and a favorable business environment. The country is home to a variety of successful industries, including manufacturing, agriculture, and services, and has attracted significant foreign investment in recent years. The financial sector in Poland is well-developed, with a thriving stock exchange and a number of international banks and financial institutions.

Starting from 2021, Poland has implemented new regulations for companies that want to engage in crypto services operations. This brings additional obligations for companies participating in the field of virtual currency. Crypto-related operations can only be carried out once the entrepreneur has been enrolled in the Polish Register of virtual currency activities where all authorised entities are displayed. Once approved and registered, a company has the authorisation to carry out its operations both in Poland and internationally. 

In Poland, an authorised crypto company is allowed to conduct the following activities:

• exchanging virtual currencies;
• exchanging virtual and fiat currencies;
• custody services. 

One of the advantages of the Polish authorisation is that obtaining crypto authorisation in Poland is currently relatively simpler in comparison to other jurisdictions. Nevertheless, it is crucial to note that complying with all legal obligations and regulations is obligatory. 

Polish crypto firms must adhere to commonly recognised European regulatory standards based and Anti Money Laundering regulations. This includes maintaining the impeccable reputation of the company's owners and directors, routinely verifying the customers of the company through KYC procedures, disclosing unusual or suspicious transactions, and reporting such instances to regulatory bodies. 

The government's outlook towards cryptocurrency suggests that Poland is dedicated to fostering and supporting the growth of blockchain and crypto businesses in the future.