Poland Approves Crypto Bill Amid Looming MiCA Deadline

Polish lawmakers have approved a government-backed bill aimed at integrating the country's cryptocurrency market with the European Union's Markets in Crypto-Assets Regulation (MiCA) framework. This marks the third attempt to pass such legislation, following two previous vetoes by President Karol Nawrocki. The bill designates the Polish Financial Supervision Authority (KNF) with oversight powers, including imposing sanctions and blocking accounts. Despite the approval, market participants express concerns that key issues, such as account blocking provisions and judicial oversight, remain unresolved, potentially leading to continued regulatory uncertainty as Poland races to meet MiCA implementation deadlines. The debate has also been influenced by a scandal involving Zondacrypto, with Prime Minister Donald Tusk alleging links to Russian capital and influence.

(Source：Cointelegraph)