Draft act for regulating cryptocurrencies meets opposition
Poland's cryptocurrency regulation bill faces ongoing disputes between market expectations and regulatory frameworks. Experts are particularly concerned about the proposed annual oversight fee, capped at 0.5% of revenue, which they argue is significantly higher than in other EU countries. The Polish Financial Supervision Authority (KNF) insists the fee may be lower, depending on oversight costs.
Another contentious point is the transition period for existing platforms, set to end in June 2025. Lawyers advocate extending this deadline to December 2025 to allow adequate preparation. The KNF believes a shorter period is necessary for market safety. The bill is progressing, with additional consultations scheduled in the coming weeks.
