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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.