BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Poland’s Controversial Crypto Law Sparks Backlash Amid Overregulation Fears
Poland’s Controversial Crypto Law Sparks Backlash Amid Overregulation Fears
6
1
BTCCSquare news:
Poland's Sejm has passed a contentious crypto assets bill implementing EU's MiCA regulations, drawing sharp criticism for exceeding European standards. The legislation, approved by a 230-196 vote, now moves to the Senate amid concerns it could stifle innovation in Central Europe's largest crypto market.
Critics argue the law introduces excessive oversight, potentially crippling domestic crypto businesses. Provisions include criminal penalties for unauthorized token issuance and expanded powers for Poland's Financial Supervision Authority (KNF). The government maintains these measures protect consumers from fraudulent actors in the digital asset space.
By:
