カテゴリー: polish

Poles to Pay 19% Tax on Income From Cryptocurrency Transactions

Poles to Pay 19 Percent Tax on Income Related to CryptocurrenciesThe government of Poland recently submitted amended income tax regulations for approval by President Andrzej Duda. The updated framework, which includes provisions referring to cryptocurrencies, is expected to enter into force on Jan. 1, 2019. Also read: Growing Number of Crypto Companies Operating From Belarus Crypto-To-Crypto Transactions Will Not Be Taxed The changes, long-awaited by […]

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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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Polish Bitcoin Association Seeks Protection from Alleged Banking Embargo

Polish BTC Association Seeks Protection From Alleged Banking EmbargoThe Polish Bitcoin Association has reportedly appealed to Poland’s Office of Competition and Consumer Protection (OCCP) to protect the country’s cryptocurrency sector from what it perceives as a growing embargo targeting virtual currency businesses on the part of Polish financial institutions. Also Read: The 2018 Crypto-Bear Market Less Severe Than 2014, At Least for Now Polish […]

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Bitbay Exchange Moves to Malta After Last Polish Bank Stops Service

Bitbay Exchange Moves to Malta After Last Polish Bank Stops ServiceHostile or just overly cautions countries keep losing cryptocurrency-related businesses to more attractive jurisdictions, along with the jobs and tax money that go along with them. The latest example comes from Poland, which Bitbay has been forced to leave for Malta. Also Read: Dominance of Big Banks in UK Means London Might Miss the Boat on […]

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Poland Backpedals on “Irrational” Crypto Tax After Strong Backlash

Poland Backpedals on “Irrational” Crypto Tax After Strong BacklashAuthorities in Poland have realized how inapplicable their decision to tax all crypto transactions really is. A high-ranking official from the Finance Ministry said in an interview that his department “accepts the irrational effect” of the tax it wanted to levy on every purchase and sale of cryptocurrency, regardless of their profitability. Other reports suggest […]

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Poles Protest Unfair Taxation of Crypto Incomes and Profits

Poles Protest Unfair Taxation of Crypto Incomes and ProfitsA decision by the Polish government to tax crypto transactions, even those that do not return profit, has provoked discontent among traders in the country. The local crypto community has decided to protest against the official stance of the Finance Ministry with an online petition which is gathering support. Taxes on crypto-related income in Poland […]

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Poland Refutes Reports of Its Interest in Venezuela’s Oil-Backed Cryptocurrency

Poland Refutes Reports of Its Interest in Venezuela's Oil-Backed CryptocurrencyPoland’s Ministry of Finance has refuted reports that it is interested in the petro, the Venezuelan ”oil-backed” currency. Earlier this month, Venezuela reportedly claimed that a handful of countries have expressed interest in receiving the petro for commerce with Venezuela such as Norway, Denmark, Brazil, Vietnam, Poland, and others. Also read: Indians Look to Buy Bitcoin […]

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Polish Financial Authorities Paid Youtuber to Smear Cryptocurrency

Polish Financial Authorities Paid Youtuber to Smear CryptocurrencyPolish financial authorities have spent taxpayers’ money on a smear campaign on Youtube and Facebook against investing in cryptocurrencies. While issuing warnings or trying to educate the public against what regulators fear are risky investments are not uncommon around the world, in this case they tried to sway public opinion against crypto assets by paying […]

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Poland’s Largest Food Delivery Website with 5000+ Restaurants Starts Accepting Bitcoin

Poland's Largest Food Delivery Website with 5000+ Restaurants Starts Accepting BitcoinPoland’s largest website for ordering food online, Pyszne.pl, now accepts bitcoin for all orders. The site boasts the largest selection of restaurants in the country with approximately 5,062 locations and 883,000 active customers. Also read: Polish Bitcoin Adoption Escalating with Strong Ecosystem Largest Food Ordering Site in Poland Pyszne.pl is Poland’s largest service for ordering food

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