Digital currency Adoption and trends in Poland in 2021
own digital currency
It is estimated that over 900 thousand people, 2.50% of Poland’s total population, currently own digital currency.
In November 2020, Polish authorities released the new PIT-38 (personal income tax) form to make it easier for Polish residents to report their digital currencies taxes. The Polish government does not consider digital currencies to be a “currency unit, a payment instrument, or electronic money.” Polish residents must provide financial statements from the digital currencies exchange they used to purchase and sell the digital coins to correctly report their profits from digital currencies trading. Polish residents can deduct investment costs from consecutive years. However, Polish residents may not deduct other sources of income, like the sale of shares.