Sylwester Suszek, president and founder of BitBay, the largest and at the same time the most popular Polish cryptocurrency stock exchange, admitted during the Bitcoin Congress that he accepted the invitation of the Prime Minister of Malta and decided to transfer the company there.

Let us remind that the first rumours about the possible change of the headquarters of the Polish giant have already appeared some time ago when the platform that supports 800 thousand customers were suddenly cut off from foreign currency bank accounts as a result of which foreign customers could no longer deposit funds in EUR and USD. This fact allowed them to exchange only the crypto – crypto, and this translated into a significant decrease in the company’s turnover.

“If the regulatory issue for the crypto industry is not settled before the holidays, we will have to move the company to another European country where we can operate in a stable way” – said then Sylwester Suszek, the president of Bitbay.

BitBay is a world known company

It turns out that despite the fact that almost two months remain until the summer holidays, the president of the largest Polish stock exchange has already made the final decision. According to many people associated with the cryptocurrency and blockchain industry, this is a huge failure of the Polish government, which still does not notice the potential of the digital economy.

Moving the Exchange headquarters to Malta will allow for further development. It is worth noting, however, that not only the prime minister of this sunny island sought recognition of Sylwester Suszek. BitBay also received similar proposals from Switzerland and the United Arab Emirates, and Belarusians even offered a five-year income tax exemption if the platform decided to move there. Ultimately, however, the chairman of the stock exchange informed during the Friday Bitcoin Congress that he chose Malta
Sylwester Suszek about moving to Malta

Taking advantage of the opportunity that editor Marcin Nowogórski also participated in the Bitcoin Congress, we managed to talk and ask Sylwester Suszek a few questions:

Press “subtitles” to get the english translation

Leave us a comment!

Error, group does not exist! Check your syntax! (ID: 3)
Previous articleOh, What a Night
Next articleBetter the devil you know? is a financial portal created by traders and for traders’ sake. In our daily work we focus on providing you with the latest market information, valuable analysis, practical and realistically tested investment strategies, facts from the world of central banking and macroeconomics, B2B insight and interviews with the most reputable people in the industry.