The Council of Ministers of Poland adopted the bill “On the regulation of Bitcoin and other cryptocurrencies” to bring the circulation of the new asset into compliance with financial legislation to combat money laundering and terrorism.
These rules are expected to come into force in the next three months. Amid growing concerns that cryptocurrency is being used for money laundering and tax evasion, the Polish government plans to restrict the circulation of Bitcoin within the country. It has been suggested that some articles should apply after 18 months from the date of their publication in the Journal of Laws.
The new Polish law lists the entities covered by the regulation. The list of these entities is long and not explicitly related to cryptocurrencies, but it appears that cryptocurrency exchanges and other entities that mediate the trading of digital coins fall within its scope.
Under AML rules, online platforms that trade Bitcoin will be required to conduct customer due diligence and report suspicious transactions. The government has amended the anti-money laundering directive to ensure that the activities of cryptocurrency firms are monitored by national authorities.
According to http://qazcrypto.kz
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