$BNB $BNB Adventure in the Sejm about cryptocurrencies. PiS and Confederation are against the current law project

Poland and cryptocurrencies

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

The law on crypto-assets consists of two parts. One aims to implement the provisions derived from the MiCA regulation into Polish legislation.

The second part, on the other hand, refers to the activity of online exchanges, which would be under the supervision of the Financial Supervision Commission.

Poland regulates (finally!) cryptocurrencies. It's like blood from the nose

Poland is one of the two Member States of the European Union (the other being Belgium) that has not yet introduced the appropriate provisions regarding the cryptocurrency market based on the European regulation on Markets in Crypto-Assets (MiCA).

Recently, politicians from Wiejska have started working on this issue and have prepared a draft law that implements the MiCA directives into our legislation. However, more concerns than hopes arise for the development of this sector on the Vistula.

Today, that is, July 22, the first reading of this legislation took place in the Sejm, and there were no shortage of opposition voices.

In Poland, already 18% have experience in investing financial funds in crypto-assets. These provisions are of great importance to strengthen the protection of investors and clients in the crypto-asset market

– communicated to the media by Deputy Minister of Finance Jurand Drop.

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