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Why you don't get a paper share certificate when you buy stocks in Poland
When the Warsaw Stock Exchange was reactivated in April 1991, Poland skipped the era of physical share certificates entirely and built its capital market on a fully electronic, dematerialised system from day one. Shares exist only as electronic entries managed by the National Depository for Securities, so investors receive a brokerage account entry rather than a paper certificate. This put Poland ahead of many Western markets that had to phase out paper certificates later.
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