Poland Adopts Crypto Law to Align with EU’s MiCA Regulation Amid Political Turmoil
Poland has enacted a comprehensive cryptocurrency law to comply with the European Union's Markets in Crypto-Assets (MiCA) framework, avoiding potential service disruptions ahead of the July deadline. The legislation introduces mandatory licensing for platforms, enhanced oversight, and consumer protections, with enforcement delegated to the Polish Financial Supervision Authority.
The regulatory push gained urgency following the Zondacrypto scandal, which allegedly resulted in $96 million in investor losses. Political tensions flared as lawmakers debated the balance between innovation and market integrity. Supervision powers now include account freezes, service suspensions, and financial penalties for non-compliant firms.
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