What is the BNTCC?

The Blockchain and New Technologies Chamber of Commerce is an initiative founded by entrepreneurs and members of forum.bitcoin.pl. On the 26th of April a similar initiative was announced by cryptocurrency exchanges in Japan. According to the Polish letter of law, the Chamber has the legal possibilities allowing it to represent the interests of the entire Blockchain and New Technologies industry in a dialogue with public authorities. The idea for creating the Chamber of Commerce was first presented by Sławomir Cieśliński during the first Blockchain and Cryptocurrency Stream conducted by the Ministry of Digitization back in 2016. The wider public learned about the idea for an entity which could worthily represent the community in any dialogue with the government from Minister Anna Streżyńska on the 23rd of February, 2018 at the premiere of the film “Krypto” at Warsaw’s Luna cinema.

Initial Objectives

Total abolition of the PCC (tax on civil law transactions) and the exemption of digital currencies from taxation.
Introduction of an income tax exemption for digital currency trading.
Introduction of the concept of private money to the legal language or an amendment to the Foreign Exchange Act with regard to digital currencies.
When faced with a persistent position regarding the 19% tax rate, the addition of a de minimis amount for payment transactions below the amounts stipulated by the AMLD4 Directive requiring full verification of a customer, thus removing the burden of recording small payment transactions by payers;
Exemption from full income tax collection for one (as in Germany) or two (as in the Czech Republic) years after the purchase of digital currency units.
Allowing for the possibility of payments of taxes and other payments to the government in digital currencies.
Creating an economic environment attracting foreign startups and capital related to digital currencies to Poland rather than Germany.
Furthering the Simple Publicly Listed Company Act allowing for the use of a distributed ledger for tokenizing securities.
Creation of a sandbox within which companies from the blockchain industry will be able to act freely and significantly increase their rate of growth. By default, initially they should not be overly limited by the outdated laws which are not adapted to innovative solutions and technologies.
Introduction of an obligation for companies to own a bank account. A bank could not deny or terminate a service provided publically to an entrepreneur, including those working with blockchain and digital currency
Issuing a general interpretation or changing the law – declaring bloggers and vloggers creators allowing them to apply the 50% cost of obtaining revenue
Allowing payments of national and local taxes and other fees, e.g. for garbage collection with the use of digital currencies. Mandating that public agencies set up and maintain addresses for accepting payments in digital currencies.

Working towards meeting the objectives listed in the “Initial objectives” section.
Conducting educational activities popularizing blockchain, cryptocurrencies and new technologies which should yield greater earnings for the industry and significantly decrease the operational cost of public administration and other sectors of the economy.
Auditing its members’ activities with the purpose of eliminating practices which are illegal, unethical, or noncompliant with broadly accepted values.
Issuing opinions regarding both technology and legislation.
Gathering a group of expert court witnesses.
Setting up an arbitral tribunal – both in relation to any disputes between entrepreneurs (including those from outside the industry and the Chamber) and disputes between entrepreneurs and consumers.
Supporting members in conducting their activities, facilitating business development and searching for commercial and scientific partnerships.

Initial Objectives

Total abolition of the PCC (tax on civil law transactions) and the exemption of digital currencies from taxation.
Introduction of an income tax exemption for digital currency trading.
Introduction of the concept of private money to the legal language or an amendment to the Foreign Exchange Act with regard to digital currencies.
When faced with a persistent position regarding the 19% tax rate, the addition of a de minimis amount for payment transactions below the amounts stipulated by the AMLD4 Directive requiring full verification of a customer, thus removing the burden of recording small payment transactions by payers;
Exemption from full income tax collection for one (as in Germany) or two (as in the Czech Republic) years after the purchase of digital currency units.
Allowing for the possibility of payments of taxes and other payments to the government in digital currencies.
Creating an economic environment attracting foreign startups and capital related to digital currencies to Poland rather than Germany.
Furthering the Simple Publicly Listed Company Act allowing for the use of a distributed ledger for tokenizing securities.
Creation of a sandbox within which companies from the blockchain industry will be able to act freely and significantly increase their rate of growth. By default, initially they should not be overly limited by the outdated laws which are not adapted to innovative solutions and technologies.
Introduction of an obligation for companies to own a bank account. A bank could not deny or terminate a service provided publically to an entrepreneur, including those working with blockchain and digital currency
Issuing a general interpretation or changing the law – declaring bloggers and vloggers creators allowing them to apply the 50% cost of obtaining revenue
Allowing payments of national and local taxes and other fees, e.g. for garbage collection with the use of digital currencies. Mandating that public agencies set up and maintain addresses for accepting payments in digital currencies.

Working towards meeting the objectives listed in the “Initial objectives” section.
Conducting educational activities popularizing blockchain, cryptocurrencies and new technologies which should yield greater earnings for the industry and significantly decrease the operational cost of public administration and other sectors of the economy.
Auditing its members’ activities with the purpose of eliminating practices which are illegal, unethical, or noncompliant with broadly accepted values.
Issuing opinions regarding both technology and legislation.
Gathering a group of expert court witnesses.
Setting up an arbitral tribunal – both in relation to any disputes between entrepreneurs (including those from outside the industry and the Chamber) and disputes between entrepreneurs and consumers.
Supporting members in conducting their activities, facilitating business development and searching for commercial and scientific partnerships.