Poland’s Crypto-Asset Market Act: Regulatory Shift Sparks Industry Concerns

Poland's Sejm has greenlit the Crypto-Asset Market Act, imposing stringent licensing requirements for digital asset service providers. The legislation, now headed to the Senate, mirrors the EU's Markets in Crypto-Assets (MiCA) framework—a harmonized regulatory approach for the bloc.

License applications demand exhaustive operational disclosures, from corporate structures to AML protocols. Non-compliant entities face severe penalties: fines up to 10 million zlotys or criminal prosecution. The law casts a wide net, covering exchanges, custodians, and token issuers operating within Polish jurisdiction.

Market participants brace for impact as the KNF financial watchdog assumes oversight. While alignment with MiCA promises long-term stability, the immediate compliance burden threatens to reshape Poland's crypto landscape.