List of VASP license capabilities in Poland
Crypto to FIAT exchange
Crypto to crypto exchange
Crypto to crypto exchange
Exchange between virtual currencies and means of payment. VASP companies have the authorization to provide exchange services between various forms of virtual assets with fiat currency.
Examples: Euro/BTC or ETH/USD.
But also Intermediation in the exchanges referred to above
Crypto to crypto exchange
Crypto to crypto exchange
Crypto to crypto exchange
A crypto license in Poland allows its holder to provide services for exchanging crypto to crypto, which means their customers can buy or sell available utility tokens in exchange for other tokens.
Assets under custody
Crypto to crypto exchange
Assets under custody
The VASP license also allows its operator to act as a custodian, and store crypto assets on behalf of its clients in custodian wallets, which means that the operator may open a wallet for a customer while keeping the private keys.
ICO
Other activities
Assets under custody
Virtual Assets Service Providers may organize ICOs, in which an offer to buy the VASP's cryptocurrency is issued for the first time. It is vital to note that during an ICO, the VASP company may only issue utility tokens.
Staking
Other activities
Other activities
VASPs have an option to apply stacking as a secondary technique for generating passive revenue from cryptocurrencies. Many blockchains employ Proof-of-Stake and related consensus techniques. This is a profitable alternative to traditional crypto keeping and is equivalent to crypto bank deposits.
Other activities
Other activities
Other activities
- Payment Tokens are sometimes referred to as Currency Tokens or Exchange Tokens.
- Utility Tokens: These are tokens that have been established for a specific functional purpose.
- Security Tokens: Security tokens are treated differently by Polish law because they are candidates for regulation under both the Act on Trading in Financial Instrum
- Payment Tokens are sometimes referred to as Currency Tokens or Exchange Tokens.
- Utility Tokens: These are tokens that have been established for a specific functional purpose.
- Security Tokens: Security tokens are treated differently by Polish law because they are candidates for regulation under both the Act on Trading in Financial Instruments and the Act on Alternative Investment Fund Management because they have the potential to incorporate rights similar to traditional securities.