Poland Nears Final Approval of Crypto-Assets Law, Aligning with MiCA Regulations

Poland’s draft law on crypto-assets has advanced to the final stages of approval, marking a pivotal step in the country’s regulatory framework for digital assets. The legislation, which implements the EU’s Markets in Crypto-Assets (MiCA) regulations, could take effect as early as August 2024.

The updated draft, titled ’Ustawa o rynku kryptoaktywów,’ has been referred to the Standing Committee of the Polish Council of Ministers. If cleared, it may proceed to parliamentary approval by May 2025. This framework aims to establish clear guidelines for the burgeoning crypto market in Poland, providing legal certainty for investors and businesses alike.

MiCA, adopted in 2023, serves as the foundation for this legislation. Its implementation signals Poland’s commitment to harmonizing its crypto regulations with broader European standards, potentially boosting institutional adoption and market stability.