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Poland Tightens Crypto Regulations with New Legislation
Poland Tightens Crypto Regulations with New Legislation
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BTCCSquare news:
Poland's Sejm has passed the Crypto-Asset Market Act, imposing strict licensing requirements on crypto service providers to align with EU's MiCA framework. Exchanges and custodians must now register with the Komisja Nadzoru Finansowego (KNF), demonstrating capital reserves, governance protocols, and AML compliance. Penalties for violations reach up to 10 million złoty.
The legislation sparks debate between market stability and innovation constraints. While reinforcing investor protections, critics argue the rules may stifle Poland's growing crypto sector. The MOVE reflects broader European efforts to standardize oversight amid increasing institutional adoption of digital assets.
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