#DigitalAssetBill The regulation of digital assets in Poland is currently undergoing significant changes, primarily driven by the implementation of the EU's Markets in Crypto-Assets Regulation (MiCA). Here's a breakdown of the situation as of May 2, 2025:
Current State of Digital Asset Regulation in Poland:
* Limited Specific Legislation: Currently, there isn't comprehensive legislation specifically addressing crypto-assets in Poland, aside from the implementation of the Fifth Anti-Money Laundering Directive (5MLD) into Polish law through the AML Act.
* AML Act: The AML Act applies to entities providing services such as:
* Exchange between virtual currencies and fiat currencies.
* Exchange between virtual currencies.
* Intermediation in such exchanges.
* Operation of virtual currency accounts.
* VASP Registration: Until MiCA fully comes into force, entities providing crypto-asset services are required to register in the Polish VASP (Virtual Asset Service Provider) Register.
* PFSA Warnings: The Polish Financial Supervision Authority (PFSA) has issued warnings regarding the risks associated with virtual currencies and the lack of comprehensive regulation.
The Upcoming Digital Asset Bill and MiCA Implementation:
* Draft Bill in Progress: The Polish Ministry of Finance is preparing a new bill on crypto-assets. This bill aims to implement MiCA into Polish national law and establish a more comprehensive legal framework for cryptocurrency trading.
* MiCA's Impact: The EU's MiCA regulation will bring significant changes to the regulatory environment for crypto-assets in Poland, including