905 entities already registered in the Polish crypto register

Did you know that as of August 22, 2023, there were already 905 entities registered in the Polish crypto register?

Unknown to many, Poland has become a sort of crypto hub in recent years, thanks to its simplified crypto registration requirements.

Unlike the more stringent and time-consuming processes associated with the PSD, CRD, or MiFID regimes, Poland offers a streamlined alternative. Here, the emphasis is on meeting Anti-Money Laundering (AML) requirements and demonstrating crypto knowledge, making Poland an attractive jurisdiction when considering where to register.

Given that all prerequisites are satisfied, entities might find their registration completed in as little as two weeks. This efficiency, combined with the focused requirements, showcases why Poland is becoming a favored jurisdiction for crypto registrations until MiCA fully enters into force and replaces local crypto registration schemes.