Cryptolaw

Poland’s parliament has approved a new cryptocurrency law intended to align the domestic market with the EU’s MiCA framework. But critics argue Warsaw has gone far beyond what Brussels requires — and the result could stifle innovation and push companies abroad.

MiCA in Polish Style: Regulation or Repression?
On Friday, the lower house of parliament, the Sejm, voted on the Crypto Assets Act. A total of 230 MPs supported the bill, 196 opposed, and none abstained. The legislation now moves to the Senate.
The government says the goal is to “protect consumers from dishonest entities” and bring order to Poland’s crypto sector, one of the largest in Central and Eastern Europe. Deputy Finance Minister Jurand Drop argued the rules are essential, pointing out that 20% of investors report being victims of fraud.
The law introduces criminal liability for offering crypto services or issuing tokens without authorization. Oversight will be carried out by the Polish Financial Supervision Authority (KNF), which will monitor exchanges, service providers, and enforce compliance. Penalties include fines of up to 10 million złoty (about $120,000) and up to two years in prison.

Crypto Industry Warns: End of Smaller Firms
Critics say the bill is overregulation. Platforms must maintain individual client accounts, a requirement meant to protect funds but one that significantly raises operational costs.
The Polish outlet Bitcoin.pl warned that KNF is being given powers that resemble “a repressive apparatus rather than market supervision.” New fees and strict obligations, it added, will “suffocate innovation” and could wipe out smaller companies.
Signs of an exodus may already be appearing. XTB, one of Poland’s largest brokers, has signaled it may seek licensing in Cyprus. Other entrepreneurs warn Poland could lose its status as a regional crypto hub.
Jakub Bartoszek, CEO of crypto exchange service Cashify, said Poland’s implementation of MiCA is among the harshest in Europe:

“Entry costs are extremely high, and the barriers are multiplying. I hope the president will listen to the voice of the market and veto the law in its current form.”

Political Storm and Hope for a Veto
The controversy has spilled into politics. Opposition lawmakers and industry figures warn the law in its current form risks damaging Poland’s economy.
Bitcoin advocate and former presidential candidate Sławomir Mentzen also urged President Karol Nawrocki, who took office in August, to block the legislation.
Nawrocki has already hinted he may veto the bill — a move that would signal Poland is seeking a balance between aligning with EU regulations and supporting domestic innovation.

#poland , #bitcoin , #CryptoAdoption , #Cryptolaw , #Regulation

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Receiving a summons for a meeting or 'interview' related to cryptocurrency transactions can be stressful. Staying calm and prepared is key.

*3 Typical Scenarios & Suggested Answers* 📝

1. *"Are You Aware That Virtual Currency Is Not Protected By Law?"* 🤔
- Response: "I understand that cryptocurrency transactions are not protected by domestic law, but buying and selling virtual currencies is not illegal. I'll keep this in mind during transactions." 📚

2. *"Why Do I Have to Refund the Amount Related to the Fraud Case?"* 💸
- Response: "I'm willing to cooperate with authorities to clarify the matter. I'll discuss further to resolve it quickly and ensure my account can be used normally." 🤝

3. *"If I Do Not Cooperate to Unlock My Account, Will I Have a Criminal Record?"* 🚫
- Response: "I'll cooperate and provide necessary documents for account unlocking. I'll prove I've not participated in any illegal activities and believe authorities will handle matters objectively." 💯

*Stay Safe* 🚀
- *Remain Calm* 😌: Keep a level head during interviews.
- *Understand Regulations* 📖: Know the laws and regulations surrounding cryptocurrency.
- *Demonstrate Cooperation* 🤝: Show a willingness to work with authorities.

#CryptoLaw #RiskManagement #InterviewTips #LegalProtection #CryptocurrencySafety

The GENIUS Act passed, requiring stablecoins in the U.S. to be fully backed, auditable, and subject to regulatory oversight.

#GENIUSAct #StablecoinRules #Cryptolaw #Binance

Speculation about a possible merger of two key U.S. regulators—the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC)—was firmly rejected this week by SEC Chair Paul Atkins. In an interview with Fox Business, he stressed that while the two agencies work closely together, a merger is not on the table. At the same time, he emphasized that the United States urgently needs a crypto market structure law, no later than 2025.

SEC–CFTC Merger? Just Speculation
Atkins confirmed that the SEC and CFTC plan to join a roundtable on September 29 to discuss key issues in digital asset regulation. However, he denied that this is a prelude to a merger:
“I’m extremely busy right now and working hand in hand with the CFTC. These discussions have been going on for years, but our focus is on closer coordination rather than consolidation,” he explained.
On X, Atkins reiterated that both agencies must work side by side to provide regulatory clarity, but he did not confirm any plans for a merger.

Crypto Law as a White House Priority
Beyond dismissing merger rumors, the SEC Chair sharply turned to the issue of crypto legislation. According to him, it is crucial that the United States pass a comprehensive market structure law for digital assets by the end of 2025.
Atkins noted that the SEC is working closely with Congress—both the House of Representatives and the Senate—providing technical support for amending securities law and addressing oversight gaps. “It’s important that we have a clear framework. We want to see this through to the final stage,” he stressed.
He also referenced the GENIUS Act, which he said improved the U.S. crypto framework, adding that new legislation should build on this initiative and eliminate existing uncertainties.

Clear Division of Roles Between SEC and CFTC
The next step, Atkins said, should be the creation of a market structure law that clearly delineates responsibilities between the SEC and CFTC through coordinated rulemaking. This would ensure more effective oversight and greater trust in the U.S. crypto market.
Atkins’ statement comes shortly after Patrick Witt, Executive Director of the White House Council of Advisors on Digital Assets, confirmed that Congress is expected to pass the law by the end of the year.

Conclusion
There will be no SEC–CFTC merger—for now. Instead, the agencies are focused on closer cooperation. The top priority remains the swift adoption of a crypto market law by 2025, which would clarify the rules of the game for digital assets. If successful, the United States could strengthen its leadership role in regulation and attract more institutional investors.

#PaulAtkins , #SEC , #CFTC , #Cryptolaw , #blockchain

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The United States is moving toward a major milestone in digital asset regulation. According to Patrick Witt, Executive Director of the White House Council of Advisors on Digital Assets, the Crypto Market Structure Bill is expected to be finalized and signed into law by the end of 2025.

A legislative marathon in full swing
Speaking at the Impact Conference during Korea Blockchain Week 2025, Witt said his team is working closely with both the House of Representatives and the Senate to ensure the proposal reaches President Donald Trump’s desk as soon as possible.
“We’re unlocking what we can, serving as referees when there’s a deadlock, and stepping in when necessary,” Witt explained. “We respect the process, but we’re optimistic we’ll get it done by the end of the year.”
The Crypto Market Structure Bill encompasses several separate proposals that will be merged into one comprehensive framework. Key elements include:
The CLARITY Act, passed by the House in July with bipartisan supportThe Responsible Financial Innovation Act of 2025, introduced earlier this month by Senate RepublicansA clear division of oversight responsibilities between the CFTC and SEC in regulating cryptocurrencies
This effort builds on the GENIUS Act, passed earlier this year, which laid the foundation for stablecoin regulation.

Full speed ahead
According to Witt, the White House aims to create an environment that will bring crypto companies back to U.S. soil after many moved abroad due to previous regulatory barriers.
“The United States is open for business, and in crypto we’re moving full speed ahead,” Witt stressed. “We want to bring back as many of these companies as possible that were pushed overseas by actions of the previous regime.”

Open dialogue with the crypto industry
Witt added that the White House is committed to close engagement with innovators. “When we meet these companies, we gain a better understanding of what’s happening in real time. That allows us to make positive and informed decisions,” said Harry Jung, Deputy Director of the Presidential Council of Advisors on Digital Assets.

If the timeline holds, the United States could enter a new era by year’s end, with digital assets finally governed by a clear, comprehensive regulatory framework — integrating crypto into the official financial system.

#whitehouse , #Cryptolaw , #TRUMP , #CLARITYAct , #GENIUSAct

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Bahrain has recently passed comprehensive regulation for Bitcoin and stablecoins, aimed at improving safety, reliability, and compliance in the region.
These laws may boost trust with international investors and elevate Bahrain as a crypto hub in the Gulf. For users and projects operating in or with exposure to the region, complying with new disclosure and regulation requirements will be important.

#Cryptolaw #RegulationDebate #bahrain #GlobalCryptoJourney