Poland’s legislative landscape for digital assets is undergoing significant transformation as the Crypto-Asset Market Act progresses to the Senate for final review. The proposed legislation, recently approved by the Sejm (Poland’s lower parliamentary house), has generated substantial public opposition due to its stringent regulatory framework.
The comprehensive bill introduces mandatory licensing requirements for cryptocurrency businesses operating within Polish jurisdiction. Market participants express particular concern regarding the proposed penalty structure, which includes substantial financial sanctions and potential criminal liability for regulatory violations. Industry analysts note the legislation could establish prison sentences for certain infractions, marking one of Europe’s most rigorous approaches to crypto asset regulation.
Financial technology experts highlight that the proposed act aims to align Poland’s regulatory environment with the European Union’s Markets in Crypto-Assets (MiCA) framework while implementing additional national safeguards. However, cryptocurrency advocates argue the current draft imposes disproportionately severe consequences that could stifle innovation and drive digital asset enterprises from the Polish market.
As the Senate prepares to deliberate the legislation, industry stakeholders are mobilizing to propose amendments that would maintain regulatory oversight while fostering continued development of Poland’s burgeoning cryptocurrency sector. The outcome of these parliamentary proceedings will significantly influence Poland’s position within the European digital finance ecosystem.
