Poland’s decrease home of parliament has accredited a sweeping invoice to manage cryptocurrency companies, setting the stage for one of many EU’s hardest digital asset legal guidelines.
Particularly, lawmakers have accredited Invoice 1424, titled the Crypto-Asset Market Act. The measure now advances to the Senate for deliberation earlier than being despatched to President Karol Nawrocki for remaining approval.
In keeping with proponents, the legislation would deliver Poland’s laws in step with the EU’s MiCA framework to harmonize guidelines throughout member states. Notably, the invoice handed with 230 votes in favor and 196 in opposition to.
Licensing Regime and Regulatory Oversight
If enacted, the laws would set up a compulsory licensing framework for all crypto asset service suppliers (CASPs). Each home firms and overseas companies working in Poland fall below its scope.
To qualify, candidates should submit intensive documentation. This might cowl their company buildings, capital adequacy, compliance mechanisms, inner controls, threat administration methods, and anti-money laundering procedures.
Poland’s regulator, the Komisja Nadzoru Finansowego (KNF), would function the only authority accountable for reviewing and granting these licenses.
Companies already energetic within the sector would have a six-month transition interval to adjust to the brand new laws. As soon as that interval ends, any unlicensed operation may face pressured closure and authorized penalties.
Heavy Penalties for Non-Compliance
The legislation additionally introduces felony penalties for companies that try and function with out authorization. Sanctions embody fines of as much as $2.8 million and jail sentences of as much as two years.
Such strict enforcement mechanisms have fueled issues amongst stakeholders that the laws prioritizes management over innovation.
Fierce Criticism from Opposition
Opposition politicians have been fast to sentence the invoice. In a submit on X, Janusz Kowalski, a member of the conservative Regulation and Justice occasion, described the act as probably the most restrictive crypto legislation within the EU. He warned that the regulation may jeopardize the pursuits of Poland’s three million crypto holders.
Kowalski additionally criticized the extreme size of the laws, which runs to 118 pages. He famous that that is way over the shorter frameworks adopted by nations resembling Germany and the Czech Republic.
In the meantime, pro-blockchain politician Tomasz Mentzen raised alarms in regards to the KNF’s capability to handle the licensing course of. In keeping with him, the regulator already takes a median of 30 months to course of functions. If the brand new legislation is enforced, he argued, many companies may face crippling delays, resulting in the “destruction of blockchain and stablecoins in Poland.”
He additionally known as on the Senate and President Karol Nawrocki to intervene and block the invoice to guard Poland’s cryptocurrency market.
Sejm głosami ekspertów takich jak pani Skowrońska przyjął ustawę o zniszczeniu blackchaina i stabletcoinów w Polsce.
Teraz senat, potem konieczne weto @NawrockiKn i można składać projekt ustawy rozwijający a nie zwijający rynek krypto aktywów w Polsce. pic.twitter.com/LgeSdNB4aD
— Tomasz Mentzen (@TomaszMentzen) September 26, 2025
Election Guarantees Meet Regulatory Actuality
The timing of the talk is notable, because it follows intently on the heels of Poland’s presidential election in June.
The winner, Karol Nawrocki, secured 50.9% of the vote within the runoff. Throughout his marketing campaign, he pledged to defend innovation and oppose what he known as “tyrannical laws” that limit particular person freedoms.
His rival, Sławomir Mentzen, who completed third within the first spherical, went even additional, promising to determine a Bitcoin reserve if elected. Though unsuccessful, his robust pro-crypto stance signaled the rising political relevance of digital property in Poland.
DisClamier: This content material is informational and shouldn’t be thought of monetary recommendation. The views expressed on this article might embody the creator’s private opinions and don’t replicate The Crypto Primary opinion. Readers are inspired to do thorough analysis earlier than making any funding selections. The Crypto Primary will not be accountable for any monetary losses.
