Post-Soviet countries were always looked upon by their European and Asian contemporaries as the ones with the biggest potential for growth, but unfortunately, that has not been the case at all.
Although several countries like Poland and the Czech Republic that had even deeper ties with Western European countries such as the UK,
Alior Bank, a large universal bank in Poland, has started using blockchain technology to authenticate clients’ documents.
Forbes reported that the Warsaw-based bank is now offering a feature that allows customers to check on the authentication and integrity of official documents they receive using the public ethereum blockchain.
Billon Solutions, a fully owned subsidiary of Polish blockchain firm Billon Group, has signed a cooperation agreement with the University of Warsaw’s blockchain research center.
Billon Solutions, which uses its blockchain enterprise system to provide a number of payment services,
Billon Solutions, a fully owned subsidiary of Polish blockchain firm Billon Group, has received a license from the Polish Financial Supervision Authority to operate as a registered electronic money institution.
The license, the first of this type issued in Poland,
PKO Bank Polski, Poland’s largest bank, has announced that it will launch a blockchain solution for its customer documents “in the coming days.”
Headquartered in central Warsaw, PKO Bank Polski employs around 29,000 people and has a full-year net profit of over 7 billion PLN (more than 2B USD).
Poland’s Government Legislation Center has published a new draft bill that clarifies the country’s current crypto taxation policy.
The draft bill, which has been offered for consultation, is aimed to simplify and clarify the income reporting and taxation procedures for activities related to cryptocurrencies.
Poland-based crypto exchange BitBay has introduced a new feature on its platform that allows traders to buy and sell EUR, PLN, and USD.
Founded in 2014, BitBay is said to have over 200 employees and 800,000 users. It offers trading support for 29 cryptocurrencies including bitcoin,
The Polish Bitcoin Association (PBS) has accused a number of Polish banks of seeking to restrict competition by deliberately denying service to crypto firms and selectively closing accounts.
On June 26, the PBS filed a complaint with the Office of Competition and Consumer Protection (OCCP) requesting that the regulator launch an investigation into the alleged restriction of competition.
Poland-based crypto exchange BitBay is moving its operations from its home country to Malta due to Polish banks’ unwillingness to work with the exchange.
Founded in 2014, BitBay is said to have over 200 employees and 800,000 users. It offers trading support for 29 cryptocurrencies including bitcoin,
Crypto exchange Bitfinex has denied any connection to the funds seized by Polish prosecutors.
Last week, authorities in Poland seized 1.27 billion Polish zlotys ($371M USD) from two bank accounts, which are allegedly affiliated with “a large online exchange of cryptocurrencies.” The accounts are registered at the Cooperative Bank in Skierniewice.
