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Poland Urges Regulation

Last Updated March 4, 2021 4:46 PM
Matt Meador
Last Updated March 4, 2021 4:46 PM

Poland is seeking out a regulated cryptocurrency to become a contender in European economics. Poland, a member of the European community, is pressing for regulation from the European Union because of the impact that it envisions. Wojociech Trusz, from  Ministry of Economy, advises that:

cryptocurrency can help Polish international competiveness.

Europe must acknowledge the use of cryptocurrency through regulation, according to Trusz – who says that “this is a global phenomenon”.

Trusz indicates that it could open doors to building a foundation for entrepreneurs and business if regulation was successful, but with regards to a common European market. To enhance the need for regulation, Poland has encouraged entrepreneurs to work the European and global markets. The more money generated spurs the Polish economy, but with cryptocurrency, Trusz says, it will make it “better for the entrepreneur through transatlantic and global connectivity.” Currently, there are systems that allow for “the virtual equivalence of real currency” transactions on a global scale, but as Trusz mentions:

it does not apply to cryptocurrency-for now.

The big picture is an opportunity in a global market through a regional acceptance of an emerging way to conduct cash flow. These connections, while professionally building entrepreneurs, is an opportunity for Poland’s economy according the Trusz. The advantage here is entirely for Polish entrepreneurship in a global race for connectivity.



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