Poland’s parliament, the Sejm, has given the green light to the “Crypto Asset Market Act,” a move that establishes a regulatory framework for the digital currency sector. The legislation is now headed to the Senate for further deliberation.
The proposed law garnered significant support, securing 230 votes in favor, while 196 members of the lower chamber voiced their opposition.
According to the Act’s stipulations, the Financial Supervision Commission (KNF) will serve as the primary regulatory body. A system requiring licenses will be put in place for all crypto asset service providers (CASP), aligning with the European MiCA guidelines.
To be authorized to operate within Poland, applicants will need to:
- Present a detailed outline of their company structure.
- Demonstrate they possess adequate financial resources.
- Furnish information pertaining to their internal oversight mechanisms, compliance protocols, risk management strategies, and AML compliance efforts.
Engaging in business activities without proper licensing will be considered a criminal offense, potentially leading to imprisonment for up to two years. Monetary penalties could reach as high as 10 million zlotys (approximately $2.74 million).
Should the legislation be enacted, CASPs will be granted a six-month grace period to ensure they are in full compliance with the new standards.
Janusz Kowalski, a Sejm member representing the “Law and Justice” opposition party, expressed his disapproval of the MiCA implementation strategy proposed and backed by the ruling “Civic Platform.” He characterized the bill as “118 pages of unnecessary red tape” and cautioned that it poses a risk to the nation’s 3 million crypto asset investors.
🚨Platforma Obywatelska Donalda Tuska niszczy rynek kryptoaktywów w Polsce i uderza w 3 miliony Polaków posiadających kryptowaluty. @MF_GOV_PL chce wsadzać do więzienia za innowacje kryptowalutowe.
👉Polska implementacja unijnego rozporządzenia MiCA (Markets in Crypto-Assets… pic.twitter.com/Ki5QjnbH25
— Janusz Kowalski 🇵🇱 (@JKowalski_posel) September 24, 2025
“This ranks as the most extensive and stringent cryptocurrency law within the entire EU,” emphasized the deputy.
He pointed out that similar regulations in other European nations span from a single page in Cyprus to 78 pages in Germany.
Kowalski conveyed his anticipation for a presidential veto from Karol Nawrocki, pledging to introduce a “sensible approach to implementing MiCA” during October.
The selection of the main regulatory entity for the crypto market also drew criticism from politician Tomasz Mentzen who noted concerns.
“The KNF is known to be the EU’s slowest regulator: applications take, on average, about 30 months to be reviewed,” he emphasized.
Mentzen also called upon the nation’s leader to reject the bill, proposing that, in its place, rules could be formulated “that foster, rather than undermine, the cryptocurrency market in Poland.”
During the presidential campaigns, Sławomir Mentzen, Tomasz Mentzen’s brother, pledged to establish a bitcoin reserve within the country should he be elected.
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