$BNB A debate in the Sejm about cryptocurrencies. PiS and Confederation oppose the current bill

Poland and cryptocurrencies

Today, the first reading of the long-awaited bill regulating the cryptocurrency market took place on Wiejska Street in Warsaw. However, its draft is far from being described as 'good' for entrepreneurs in this sector.

The law concerning crypto-assets consists of two parts. One aims to implement the provisions resulting from the MiCA regulation into Polish law. The second part, on the other hand, concerns the activities of online exchanges, which would be supervised by the Financial Supervision Authority.

Poland is finally regulating cryptocurrencies. It's going as slowly as molasses.

Poland is one of two European Union member states (the other being Belgium) that have not yet introduced appropriate regulations regarding the cryptocurrency market based on the EU-wide Markets in Crypto-Assets (MiCA) regulation.

Only recently have politicians from Wiejska started working on this issue and prepared a draft law that aims to implement the MiCA directives into our law. However, here more concerns arise than hopes for the development of this sector along the Vistula.

Today, July 22, the first reading of the legislation took place in the Sejm, and there were voices of dissent.

In Poland, already 18% have experience in investing financial resources in crypto-assets. These regulations are crucial for strengthening the protection of investors and customers in the crypto-assets market

– conveyed the Deputy Minister of Finance Jurand Drop to the media.

And it is a fact that digital assets are becoming increasingly popular among Poles year by year, and the lack of regulation in this market causes local companies to only lose out.