Poland, a central European country that is home to 38 million inhabitants, is a country with one of the most financial systems. Apart from that, it is also one of the fastest growing start-up nations in Europe. Historically, the number of bitcoin traders in miners coming out of Poland has been very significant, even though the actions of the Polish government were quite discouraging. It has been known that the Polish banks were closing the accounts of the bitcoin traders and that the government was planning to introduce some sort of the bitcoin taxes. Nevertheless, according to, the wind of change has started to blow.

Central Statistical Office of Poland aka Główny Urząd Statystyczny (GUS), has identifying trading and mining of bitcoins and other cryptocurrencies as an economic activities. What does this mean? It means that the Polish firms that are dealing with the bitcoin or any altcoin will be able to gain a proper registration and continue developing their business as usual.

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Even though the bitcoin in Poland had its ups and downs, it is clear that things are set for a huge improvement. Some 3-4 years ago, the Polish government was stating that it cannot see any virtual currency as a legitimate one. Over the course of the last few years, the government has shifted its opinion. Firstly, it claimed a fully legal status of the bitcoin unless it stated that the virtual currencies are prohibited. Later, the authorities have clearly stated that even though the bitcoins come with many question marks attached, their usage in Poland is completely legitimate.

It is believed that such a positive attitude towards cryptocurrencies comes from the newly established committee of the blockchain and bitcoin experts.

Consequently, the Polish government decided not to include any additional legislation in terms of the bitcoins, but simply make them a subject to the income tax of either 18% or 32%, depending on the level of earnings.