Polish regulator recognizes bitcoin firms

Regulation | February 6, 2017 By:

Poland’s Central Statistical Office (GUS) has recognized the trading and mining of virtual currencies.

This means that those companies who use virtual currencies with their business are now able to register with the GUS. According to GUS website, companies can do this by applying to obtain an official PKD 64.19.Z.

The development marks a significant advance for industry players in Poland where, to date, the state has not issued any specific legislation that regulates bitcoin and other virtual currencies.

The latest development on the advanced of bitcoin regulation came in October of last year when the Polish government opened up the floor to digital currency and blockchain issues that saw participation from the Polish Bitcoin Society.

The Central Statistical Office is Poland’s chief government executive agency charged with collecting and publishing statistics related to the country’s economy, population, and society, at the national and local levels.