Binance to Increase Presence in Poland in Compliance With Local Regulations

Binance to Increase Presence in Poland in Compliance With Local RegulationsBinance has unveiled intentions to broaden its activities in Poland, another EU member state where the global cryptocurrency exchange is registered. The coin trading platform plans to develop its Polish entity, recruit local talent and launch educational initiatives. Crypto Exchange Binance Moves Forward With Plans to Expand Operations in Poland Binance, the world’s largest digital […]

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Poland’s Consumer Protection Agency Opens Case Against Cryptocurrency Exchange

Poland’s Consumer Protection Agency Opens Case Against Cryptocurrency ExchangeThe body ensuring that consumer rights are respected in Poland has initiated proceedings against a crypto exchange falsely claiming to be Polish. The trading platform also misled customers that it was operating with the regulatory approval of the financial authorities in the country. Belize-based Exchange Risks Hefty Fine in Poland for Allegedly Deceiving Crypto Traders […]

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Ex-Head of Crypto Exchange Wex Released in Poland

Ex-head of Crypto Exchange Wex Released in PolandFormer chief executive of the Russian cryptocurrency exchange Wex, Dmitry Vasiliev, has been released from arrest in Warsaw earlier this month. The ex-head of the now-defunct coin trading platform has since returned to Russia while court proceedings against him in Poland are still ongoing. Polish Court Rejects Extradition of Wex Executive to Kazakhstan Authorities in […]

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Poland Confirms Arrest of Former Wex Exchange Executive in Warsaw

Poland Confirms Arrest of Former Wex Exchange Executive in WarsawReports 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 […]

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IT Specialist Caught Mining Cryptocurrency at Police Headquarters in Poland

IT Specialist Caught Mining Cryptocurrency at Police Headquarters in PolandPolish police have uncovered a secret crypto mining operation at their headquarters in Warsaw, local media reported. An IT specialist accused of minting digital coins on police computers has been dismissed and the case has been handed over to the Prosecutor’s Office. Polish Police Force Fires IT Specialist for Crypto Mining at Work Officers from […]

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Tax Form to Report Revenues From Cryptocurrency Trading Issued in Poland

Tax Form to Report Revenues From Cryptocurrency Trading Issued in PolandAuthorities in Poland have clarified the taxation of revenues received from cryptocurrency exchange transactions. The Ministry of Finance has recently published a 2019 tax form that has a dedicated section where taxpayers are expected to declare separately proceeds from crypto trading. Also read: Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates Polish […]

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Singaporean and Eastern European P2P Markets Post Record BTC Volume

Singaporean and Eastern European P2P Markets Post Record VolumeSeveral markets have seen spikes in peer-to-peer (P2P) volume, with the Kazakh and Singaporean Localbitcoins markets posting their second strongest weeks on record. Polish P2P trade also increased this past week, with volume reaching a 14-month high. Also Read: Leaked Documents Suggest Mt. Gox Trustee’s Bitcoin Sales Impacted Market Prices Singaporean P2P Trade Sees Spike The […]

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The Daily: Crypto Startups Licensed in Poland, Dutch Bank Offers Coin Storage

The Daily: Crypto Startups Licensed in Poland, Dutch Bank Offers Coin StorageIn this edition of The Daily, the Polish financial watchdog has authorized two crypto companies to operate as payment service providers and a bank in the Netherlands now offers crypto storage to its clients. Also, recently leaked images show the long-awaited Samsung S10 may indeed come with a cryptocurrency wallet. Also read: Huobi Downsizes, New […]

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Bitcoin Markets Comprise Imminent Alternative to Foreign Exchange

Bitcoin Markets Comprise Imminent Alternative to Foreign ExchangeA report authored by researchers from the Henryk Niewodniczanski Institute of Nuclear Physics has found that Bitcoin is maturing. The report, courtesy of the Polish Academy of Sciences in Krakow, concludes that Bitcoin carries “concrete potential of imminently becoming a regular market” and “an alternative to the foreign exchange.” Also Read: Research: Corporations Fail to Deliver […]

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New Bill Clarifies Crypto Taxation in Poland

New Bill Clarifies Crypto Taxation in PolandA new draft introducing amendments regarding the taxation of crypto incomes has been published in Poland. The bill differentiates between decentralized cryptocurrencies and centralized virtual money, and clarifies the tax regime applicable to crypto trading and mining.   Also read: Eastern Europe: Regulation Postponed, Tax Abandoned, Banks Enlightened Draft Distinguishes Between Cryptos and Centralized Coins […]

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