Cryptocurrencies in the Polish Legal System – Basic Problems and Challenges

Mincewicz, Wojciech

doi:10.5604/01.3001.0015.2503

Cited by 3 publications

(3 citation statements)

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“…Cryptocurrencies, although they have not received official status, are not considered fiat money, but are legal to trade in the country. Mining, as well as the purchase and sale of cryptocurrencies, are recognized as permitted activities (Mincewicz, 2021). Since November 2021, the circulation of virtual assets has become an object of regulation in Poland.…”

Section: Resultsmentioning

confidence: 99%

“…Registration of entrepreneurs is carried out in accordance with the requirements established by Polish legislation. Thus, thanks to the popularity of virtual currencies and the availability of Bitcoin ATMs, Poland has become a country where cryptocurrency business, such as mining, selling and buying cryptocurrency assets, is regulated and controlled by national authorities (Mincewicz, 2021).…”

Section: Conflict Of Interestmentioning

confidence: 99%

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2023

SLS

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In the context of rapid changes and a hyperdynamic external environment, the world economy and politics create new challenges and threats that actualise research on the effectiveness of public administration in the context of economic security through the prism of various legal fields. The purpose of the study is to present the author's vision of a methodological approach that will allow visualising the process of public administration in the context of ensuring a high level of economic security and evaluating its effectiveness, considering the legal aspect of the issue. The methodology involves using modern methods that combine and interact to achieve the goal. These include both general theoretical methods and specific ones: IDEF3 and the integral evaluation method. The approach to assessing the level of effectiveness of public administration in the system of ensuring economic security is defined. The importance of political and legal indicators is emphasised. The results of calculating the value of the integral indicator are presented, and the corresponding conclusions are drawn. The author's vision of the modern model of public administration implementation in the system of ensuring economic security with an emphasis on the protection of human rights is presented. All the key Public administration of the economic security system....

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Section: Resultsmentioning

confidence: 99%

Section: Conflict Of Interestmentioning

confidence: 99%

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2023

SLS

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“…In Poland, legislation has been catching up with technological advancements, effectively regulating cryptocurrencies (Mincewicz, 2021). Coinbase is dedicated to collaborating with policymakers and traditional financial institutions to bring about these changes.…”

Section: Conclusion and Recommendationsmentioning

confidence: 99%

Can Cryptocurrencies Be Feasibly Adopted as a National Currency? The Perspective of the Younger Generation

Eisenbardt,

Eisenbardt

2023

ERSJ

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Purpose:The aim of the paper is twofold. First, it is a presentation the cryptocurrencies as an interdisciplinary issue, however raising justified concerns. Second, it is the analysis of the opinion of the young generation on the possibility of converting their national currency into cryptocurrencies. Design/methodology/approach: The survey questionnaire was used and data collected from 778 university students were statistically analyzed. The survey was conducted in Poland, a country the cryptocurrencies are treated quite neutrally, they are not banned, and at the same time, they are not a full-fledged means of payment. The opinions of Poland-based students about the possibility of cryptocurrencies adaptation as a national currency considering their experience with cryptocurrencies were taken into consideration. Findings: The results showed that only 17% of students see the possibility of cryptocurrency adaptation as a national currency whereas most of them were opposed to that idea. Significant differences were found between students who had and not had experience with cryptocurrencies and their opinions on such variables as access to cryptocurrency wallets, using cryptocurrencies as a means of payment, and willingness for undertaking activities aimed at cryptocurrencies. However, there were no differences for such variables as cryptocurrency mining as well as the period students learnt about cryptocurrencies. Generally, students who have already had experience with cryptocurrencies rated higher the possibility of cryptocurrency adaptation as a national currency and saw more chances for a such adaptation. Practical implications: The majority of students found it difficult to assess cryptocurrencies and their further development. The presumed adaptation of the cryptocurrencies can encounter two main problems, i.e., (1) there is a large group of people that have no experience with cryptocurrencies and are not interested in them, (2) the opinion and evaluation of cryptocurrencies vary significantly considering people's experience even though only younger generation were analyzed, i.e. people for whom newest technologies and solution are an inseparable part of their lives and thus they are more eager to use them. It can be assumed that for older generations these problems can act as a major limitation and barrier and thus to hinder cryptocurrency adaptation. Originality/value: This study is the first attempt to empirically test the young generation's opinion on the potential adaptation of cryptocurrencies as national currencies. The study results enrich the literature by analyzing cryptocurrencies as a phenomenon rather than an economic variable through the lens of the young generation's opinion.

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Prospects for the legalization of cryptocurrency in Ukraine, based on the experience of other countries

Spytska

2023

SLS

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Presently, legal circles, both among theorists and practitioners, are particularly concerned about the legalisation of cryptocurrencies and transactions with them according to the current legislation. For this reason, the purpose of this work was to study approaches and methods to legalisation of income derived from cryptocurrency speculation based on the provisions of the tax legislation of Ukraine. A theoretical analysis of the general concepts under study was conducted, which in turn formed the object of this study. The common and distinctive features of the researched concepts were identified, thus establishing the relationship and dependence between them. As for the practical aspects, the study revealed them in the analysis of particular regulations, namely, the specific features of their implementation. Positions and opinions of various scholars on it were compared, which allowed for a qualitative coverage of ways to legalise the income that citizens receive from cryptocurrency speculation. On the basis of the analyzed scientific publications, the most successful and suitable for implementation in Ukraine, the experience of other countries, in particular the USA and Canada, has been determined. It has been proven that the legalization of citizens’ incomes received from cryptocurrency transactions is a necessary process for the economic development of the state.The practical value of the study lies in the fact that it can be used both by scholars, in the context of the primary source for further study of this issue, and by lawyers whose activities are related to cryptocurrencies. The scientific value of this study was covered in the description of effective approaches to transactions with income generated by cryptocurrencies, which have not yet been studied to the required level

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Cryptocurrencies in the Polish Legal System – Basic Problems and Challenges

Cited by 3 publications

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Can Cryptocurrencies Be Feasibly Adopted as a National Currency? The Perspective of the Younger Generation

Prospects for the legalization of cryptocurrency in Ukraine, based on the experience of other countries

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