Poland advances strict crypto bill, sparking public backlash

Poland’s Crypto-Asset Market Act awaits Senate review after Sejm approval, sparking a backlash over licensing, fines and potential prison terms for violations.

Polish lawmakers approved a bill regulating the crypto asset market, introducing key restrictions and establishing a dedicated supervisory authority.

Poland’s lower house of parliament, the Sejm, voted in favor of a Crypto-Asset Market Act on Friday, sending the bill to the Senate for consideration.

Bill 1424, which has yet to reflect the apparent third-reading vote in the Sejm, introduced a licensing regime for crypto asset service providers (CASPs), aligning Poland’s regulations with the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework.

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