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1. Electronic Money Institution (EMI) or National Payment Institution (KIP)? A common question for businesses entering the Polish e-money market is: what distinguishes an Electronic Money Institution (EMI) from a National Payment Institution (KIP), and which license offers more flexibility? 1.1. Definition of E-Money in Poland Under Article 2(21a) of the Polish Payment Services Act

  Capital Requirements for CASP Licensing The amount of initial capital required for a Crypto Asset Service Provider (CASP) depends on the range of services the company intends to offer. These capital thresholds are designed to ensure financial stability and the provider’s ability to operate responsibly within the regulated market. Below is a breakdown of

Step-by-Step Overview of the CASP License Application Process Application Submission The licensing process begins when a company files its CASP license application with the competent authority in its home country. In Poland, this is the Financial Supervision Authority (KNF). Acknowledgment of Receipt Within five business days, the supervisory authority will confirm receipt of the application.

Understanding the CASP License in the Cryptocurrency Sector With the upcoming implementation of the Markets in Crypto-Assets (MiCA) Regulation, companies aiming to offer cryptocurrency-related services within the European Union will soon be required to obtain a CASP license—short for Crypto Asset Service Provider license. If you’re planning to launch or expand a crypto venture in

FinTech Landscape in Poland – Summary Definition and Growth The term “FinTech” encompasses both cutting-edge technologies used in the financial industry and the entities—startups, firms, or individuals—developing such innovations. In Poland, both interpretations are experiencing dynamic growth. The country has positioned itself as a regional frontrunner in adopting FinTech tools, such as mobile payments (e.g.,

On February 13, 2025, the General Inspector of Financial Information (GIIF), the Office of the Polish Financial Supervision Authority (UKNF), and the National Bank of Poland (NBP) issued Joint Announcement No. 92 regarding the training obligation under the Anti-Money Laundering and Terrorist Financing Law. The announcement’s objective is to inform entrepreneurs about the requirements to