Polish Ministry of Finance: ‘We are not blocking Bitcoin development’
While its government has yet to issue a firm ruling on Bitcoin, Poland’s Ministry of Finance is on record saying Bitcoin is at least not illegal. Speaking at a seminar on Bitcoin legality last week in Warsaw, Szymon Wozniak, an official representative of the finance ministry, said: “What is not forbidden is permitted. However, we certainly cannot consider Bitcoin to be a legal currency.” Instead, the Polish government intends to keep an eye on Bitcoin’s development, he said. “We expect [Bitcoin] users to declare whether they want the state to protect and regulate, or to remain uninvolved.”....
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With the legal status of bitcoin still under debate in Poland, a recent announcement by an official from the country's Ministry of Finance sheds more light on the complex issue. A growing number of local businesses are embracing the use of bitcoin, but national authorities remain cautious about regulating the use of digital currencies in the Polish economy. On 18th December, a seminar on the legality of bitcoin was held at the Warsaw School of Economics (Szkoła Główna Handlowa). Based in the Polish capital Warsaw, SGH is one of the country's leading business universities. Speaking at the....
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Bitcoin regulation in Poland has taken a step forward with the news that the country’s Central Statistical Office (GUS) has recognized the trading and mining of virtual currencies as an official economic activity. As a result, companies active in the industry will now be able to register with the agency. Firms involved in virtual currency trade and production can apply to obtain an official PKD 64.19.Z registration when filing their entities with the official court register, the GUS said in a statement. The development marks a significant advance for industry players in Poland where, to....
Poland has officially recognized the trading and mining of virtual currencies as an ‘official economic activity’ according to the Central Statistical Office of Poland, hereinafter GUS. GUS is Poland’s executive agency dealing with national statistics and reports directly to the Polish Prime Minister’s office. A new classification for Bitcoin and others. A statement posted in Polish on the GUS website and machine translated says that starting Dec. 1, 2016, the issuance of electronic currency and purchase and sale of electronic currency via the internet stand classified by official....