Poland's Sejm has approved the Crypto-Asset Market Act with a vote of 241 to 183, aiming to align the country's regulations with the EU's Markets in Crypto-Assets (MiCA) framework by 2026. The legislation, which now moves to the Senate, grants the Polish Financial Supervision Authority (KNF) enhanced powers, including the ability to impose fines up to 10 million zlotys and block websites.
The law also introduces counter-financing of terrorism (CFT) measures, with penalties including prison terms of up to five years for violations. President Karol Nawrocki had previously vetoed the bill due to concerns over legal certainty. Debate on the legislation is set to continue in January, amid criticism that the stringent rules could push crypto businesses out of Poland.
Poland's Sejm Approves Crypto Law to Align with EU MiCA by 2026
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