Temporary Suspension of Operations in Poland [All Bitomats are Back Online]
UPDATE: All Localcoin bitomats are fully online and people can now buy crypto at their nearest machine. Learn more here »
What to Expect
- All Localcoin bitomat terminals across Poland are currently unavailable for transactions.
- No new purchases or sales of cryptocurrency can be processed through Localcoin ATMs during this period.
- This suspension applies exclusively to Localcoin's Polish operations.
We understand that this may cause inconvenience, and we sincerely apologise for any disruption. This temporary measure has been implemented deliberately and responsibly to ensure that Localcoin meets its full obligations under the new regulatory framework.
Why This Happened: Our Commitment to MiCA Compliance
The European Union's Markets in Crypto-Assets Regulation (MiCA) represents the most comprehensive regulatory framework ever introduced for the crypto-asset sector across EU member states, including Poland. MiCA establishes new and binding obligations for all entities providing crypto-asset services - including operators of crypto ATMs.
Why Localcoin Chose to Act Voluntarily
Rather than continue operations while our compliance processes are still being finalised, Localcoin has made the decision to pause all bitomat services. We believe this is the correct course of action for the following reasons:
- Complete protection: Suspending operations proactively ensures that no one is exposed to any regulatory uncertainty during the transition period.
- Regulatory integrity: Operating without confirmed full compliance, even temporarily, is not consistent with the standards Localcoin holds itself to.
- Long-term trust: We believe that short-term inconvenience is a reasonable trade-off for the long-term confidence you can have in our services.
What Happens Next
We expect to resume full crypto ATM operations within a few weeks. As soon as our compliance obligations are satisfied and our services are confirmed ready for relaunch, we will notify you through our website and official communication channels. We are committed to keeping you informed at every stage.