Seemingly accepting

Poland, along with a number of EU countries, has never shown any true discontent for cryptocurrencies prior to this latest campaign to discredit them. Back in 2013, there were reports of an official from Polish Ministry of Finance saying, “What is not forbidden is permitted. However, we certainly cannot consider Bitcoin to be a legal currency.”

In 2015, the Polish Finance Ministry issued a statement to the effect, “Any regulatory action addressing the problems of trading virtual currencies. They should be taken either as a result of initiatives at the EU level with a view to the cross-border nature of the business or as a result of a threat market failure cryptocurrency.”

In an interview around February 2015, Filip Godecki, CCO of Bitcurex, a major Polish cryptocurrency exchange, explained the government’s stance as neutral: “From our perspective, it would be difficult to talk about a negative trend. The attitude toward Bitcoin in Poland is neutral, converging with tendencies in most EU countries. Institutions are looking at the project from a certain distance, waiting for what comes next. The situation is similar with banks.”

In February 2017, trading of Bitcoin and other cryptocurrencies was officially recognised in the country. It was stated on a governmental website that from Dec.1, 2016, “The issuance of electronic currency and purchase and sale of electronic currency via the internet stand classified by official statistics services in Poland.” While there may be no definitive stance on Bitcoin and cryptocurrencies coming out of Poland, the government has seemingly allowed it to exist and continue functioning.

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