Regulation of cryptocurrencies in Poland, exchange, sale, mining
Cryptocurrencies are quite a popular payment tool for many people moving to Poland.
Today in this country you can freely buy and sell cryptocurrency, as well as exchange digital currencies for Polish zloty.
You can exchange, buy, sell both at special exchange offices and at Bitcomat automatic exchangers with cash payment.
In addition, there are many companies offering non-cash cryptocurrency exchange with payment to a bank account or the purchase of crypto-assets by transfer.
So, most crypto companies limit the size of the exchange per transaction to 40,000-60,000 zlotys, which is approximately equivalent to 9-14 thousand euros.
True, when making an exchange worth more than 1000 euros, identification of identity is required, and after December 30, 2024, it will be necessary to undergo identification of a crypto-wallet, since cryptocurrencies in the European Union will no longer be anonymous .
In addition to turnover, cryptocurrency mining is also allowed in Poland; mining tokens is completely legal, but you will also have to pay taxes on the received coins.
Do I need to pay taxes on cryptocurrencies in Poland?
Profit received from the sale of cryptocurrency in Poland is taxed at 19%, the object of taxation, in this case, is the difference between purchase and sale.
For example, a month ago you bought 1 Bitcoin for 280,000 zlotys, and today you sold it for 380,000 zlotys, that is, the profit was 100,000 zlotys, on which 19,000 zlotys of tax will be charged.
While the money is stored in cryptocurrency, there are no tax obligations, but after you have sold your crypto assets, you will need to pay from the profit if you sold for more than you bought.
In general, everything is fine with cryptocurrencies in Poland, they are easy to buy and sell, even within the legal framework. Depending on the market situation and the direction of exchange, the commission can range from 0 to 4%.