Operating a CASP in Poland? Scorechain helps you comply with Travel Rule, AML laws, and KNF regulations with ease.
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All Crypto Asset Service Providers (CASPs) operating in Poland must register with the Polish Financial Supervision Authority (KNF). This registration requires submitting detailed information about the company’s operations, governance, and compliance measures.
Poland implemented the Travel Rule as part of the EU’s AMLD5 (Fifth Anti-Money Laundering Directive). The rule officially came into effect on July 1, 2021, giving CASPs time to adapt their processes to the new requirements.
The Markets in Crypto-Assets (MiCA) regulation introduces a transition period to ease the shift to the updated regulatory framework. Businesses operating before MiCA’s enforcement date in late 2024 will have until July 2026 to fully comply with its requirements, including:
This phased approach allows businesses to continue their activities while preparing for the new standards, ensuring a seamless transition to MiCA compliance.
No, Poland applies the Travel Rule to all cryptocurrency transactions, regardless of the transaction amount, ensuring consistent oversight across the market.
CASPs in Poland must collect and share key details for both the originators and beneficiaries of transactions, such as:
Transactions involving self-hosted wallets are not exempt from regulations. CASPs are required to apply the same AML/CTF measures, including enhanced due diligence, when necessary.
Navigating Poland’s crypto regulatory landscape can be complex, but it doesn’t have to be! Scorechain provides advanced solutions to help CASPs easily meet AML, CTF, and Travel Rule obligations.
🔎 Advanced transaction monitoring to minimize risks.
📊 Comprehensive compliance tools tailored to your needs.
🤝 Support for regulatory registration with KNF.
🔗 Integrated Travel Rule solutions for secure and efficient data sharing.
Ready to simplify compliance?
Let Scorechain empower your business to stay ahead in Poland’s dynamic crypto market. Contact us today to schedule a consultation or demo!