Polish lawmakers send a request to the Ministry of Finance about the possibility of creating bank accounts for crypto firms

In light of the looming regulation of cryptocurrency exchanges in Poland, a group of lawmakers has filed a request with the country’s Ministry of Finance, asking if the ministry plans to facilitate the creation of bank accounts for Polish crypto companies, and if it intends to develop rules for stablecoins in the near future.

Legislators say local industry players could face serious problems opening and maintaining bank accounts due to the creation of a new registry of crypto exchanges. These difficulties can be further exacerbated by statements by the Financial Supervision Authority (Komisja Nadzoru Finansowego), which discourages banks from cooperating with companies that deal with cryptoassets.

Lawmakers say the new rules could lead to a situation in which a local entrepreneur can register his cryptocurrency exchange but cannot open a bank account, effectively preventing him from transacting in Poland.

Image: Tokeneo



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