Bitcoin is legal and widely used in Poland. Along with Bitcoin, other forms of Cryptocurrencies are also legal in Poland.
Is Bitcoin tax-free in Poland?
Bitcoin is tax-free in Poland. You only pay tax on your income in Poland.
If you had sold no cryptocurrencies in a given year (nor had you used them to pay for, e.g., an excavator or a service), no revenue will be shown. And no income will be shown, either. So no tax.
Also, if you had bought cryptocurrencies for more than you sold them in a given year, you will show no income, and you will not be liable for tax.
Is Poland cryptocurrency-friendly?
Yes, Poland is very much a crypto-friendly country. Poland is one of the most economically innovative countries in Europe, and being a crypto-friendly country has helped a lot for Poland to grow.
Is Bitcoin mining illegal in Poland?
It is legal to mine Bitcoin in Poland. There are no restrictions in Poland on the mining or farming of Bitcoin.
There is no standalone reporting obligation in the case of Bitcoin payments above a certain threshold, except in the case of transactions that may involve an obliged entity covered by anti-money laundering and terrorist financing laws, in which case such entity will have to report suspicious transactions or activities irrespective of the amounts involved.
Does Poland have Bitcoin ATMs?
There are over 215 Bitcoin ATMs in Poland as of 2023, January 19. Most of them are located in Warsaw.
The companies that install and operate Bitcoin ATMs are subject to the country’s anti-money laundering (AML) regulations.
You don’t need a bank account to buy Bitcoin in Poland. Pay in any currency using SEPA, Skrill, Paypal, or even gift cards.
Can I buy property in Poland with Bitcoin?
It is possible to buy property in Poland with Bitcoin. It has recently become possible to purchase properties in Poland with Bitcoin, and properties have been sold already using Bitcoin as a payment method.
However, many purchasers do not want to accept payment in Bitcoin, as they are concerned about its volatility.
What Bitcoin wallet can I use in Poland?
There are a lot of Bitcoin wallets that you could use in Poland. Some of them are, Coinmama, eToro, Bitstamp, Bitpanda, Paxful, Coinbase, Coinbase Pro, and Gemini.
Can I use Bitcoin to buy products in supermarkets in Poland?
No, small supermarkets in Poland don’t use Bitcoin. However, you could use bitcoin in big Malls. The government of Poland is trying to bring Bitcoin to supermarkets and small shops too.
You may also like to read: