The Polish Sejm has approved the “Crypto Asset Market Act,” introducing trade laws. The doc has been despatched to the Senate for consideration.
The invoice obtained help from 230 votes, with 196 members of the decrease home opposing it.
Beneath the provisions of the doc, the principle regulator is designated because the Monetary Supervision Fee (KNF). A licensing regime is launched for all crypto asset service suppliers (CASP), in accordance with the European MiCA regulation.
To realize approval to function within the nation, candidates should:
- disclose their company construction;
- affirm capital adequacy;
- present info on inside management and compliance programs, danger administration insurance policies, and AML procedures.
Working with out a license entails prison legal responsibility, together with up to two years in jail. Fines can attain 10 million zlotys (~$2.74 million).
If the invoice is handed, CASPs could have a six-month transition interval to adjust to its norms.
Sejm member Janusz Kowalski from the opposition occasion “Legislation and Justice” criticized the implementation of MiCA proposed and supported by the ruling “Civic Platform.” He described the invoice as “118 pages of extreme regulation” and a risk to 3 million digital asset buyers.
🚨Platforma Obywatelska Donalda Tuska niszczy rynek kryptoaktywów w Polsce i uderza w 3 miliony Polaków posiadających kryptowaluty. @MF_GOV_PL chce wsadzać do więzienia za innowacje kryptowalutowe.
👉Polska implementacja unijnego rozporządzenia MiCA (Markets in Crypto-Property… pic.twitter.com/Ki5QjnbH25
— Janusz Kowalski 🇵🇱 (@JKowalski_posel) September 24, 2025
“That is probably the most in depth and restrictive cryptocurrency legislation within the EU!” the deputy emphasised.
He famous that related laws in different European international locations vary from one web page in Cyprus to 78 in Germany.
Kowalski expressed hope for a veto from President Karol Nawrocki and promised to current a “rational implementation of MiCA” in October.
Politician Tomasz Mentzen criticized the selection of the principle crypto market regulator.
“KNF is the slowest appearing regulator within the EU: the common utility assessment time is 30 months,” he pressured.
Mentzen additionally urged the pinnacle of state to veto the invoice, including that after this, guidelines could possibly be developed “that can develop, not destroy, the crypto asset market in Poland.”
Again within the presidential elections, Tomasz Mentzen’s brother, Sławomir, promised to create a bitcoin reserve within the nation if elected.
Нашли ошибку в тексте? Выделите ее и нажмите CTRL+ENTER
Рассылки ForkLog: держите руку на пульсе биткоин-индустрии!
