The State of Bitcoin in Poland: Friendly or Hostile?
BitMarket, a Polish Bitcoin exchange, was recently closed down by BPH due to their association with Bitcoin. At first the bank was told that it was due to technical problems. Another bank, Bank Zachodni WBK (BZ WBK), also began terminating accounts shortly after the BitMarket incident. While these two banks are shutting down accounts held by Bitcoin businesses, does this signify a national crackdown in Poland? I sought to uncover more information on this matter by interviewing Poland's largest Bitcoin exchange, who to date, has not had any problems in their banking relationships. Also....
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Poland is one of the countries in Europe where businesses and the population have invited Bitcoin among their midst with open arms. Adoption of Bitcoin in Poland is surprisingly increasing with many businesses including Bitcoin as one of the payment options. The fact that the country's official currency, Polish zloty is the eleventh* most popular currency in Bitcoin trade is enough to understand the extent of penetration of Bitcoin in Poland. Poland: Many Firsts in Bitcoin. Poland also has a significant number of firsts in its credit when it comes to Bitcoins. Medicover Hospital in Warsaw,....
Two East European nations, Poland and Romania, are now among the top 10 countries hosting the most cryptocurrency ATMs. The global number of teller machines supporting crypto transactions has increased exponentially over the past months, now reaching over 23,000 devices. Poland Ranks Among Leading Crypto ATM Destinations The growth in popularity and market prices of cryptocurrencies in the past year has led to a spike in the number of locations around the world offering crypto holders automated teller services. Most Bitcoin ATMs let you buy coins with cash and cards, while some devices....
Reports of the detention of Dmitry Vasiliev, ex-head of the bankrupt cryptocurrency exchange Wex, have been confirmed by authorities in Poland. The former executive of the platform, allegedly involved in the theft of funds worth millions of dollars, faces possible extradition to Kazakhstan.
Prosecutor’s Office Confirms Vasiliev Is in Custody in Poland
Dmitry Vasiliev, who once managed the largest Russian crypto exchange, was apprehended at the Warsaw airport in early August but the Polish newspaper Gazeta Wyborcza broke the news last week, quoting undisclosed sources. A....
T-Mobile Poland announced in late February that they would start offering a 20% discount for mobile top-up credits paid with bitcoin. The announcement is part of a three month partnership with Warsaw-based bitcoin payment processor, InPay. T-Mobile Poland is the first business of the large telecommunication company to test bitcoin payments. An InPay spokesperson said T-Mobile Poland’s motivation for the partnership with the bitcoin payment processor, was the mobile operator’s recent initiative to explore new services and business models. Operating since 1996, T-Mobile Poland has become one....
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....