The new bill classifies cryptocurrency (relating to the Act on Counteracting concealing an act of terrorism Financing) as a digital variant of cash. In detail, here, virtual currencies area unit stratified into two categories: centralized virtual currency and cryptocurrency. Such virtual currencies have the legal impetus to interact payment, acting as a legitimate medium of exchange likewise as in e-commerce, This new bill, crypto-to-crypto transactions are going to be free from taxes in Poland. Such exempted crypto-to-crypto transactions cut across those distributed singly or on the stock market.
Furthermore, cryptocurrency miners WHO work on their own wouldn’t need to pay taxes, because the new bill absolves them of such financial obligations. On the opposite hand, miners who work for alternative people or entities wouldn’t fancy the same land in Poland. They'll remit taxes on their crypto dealings to the govt.