Regulation of cryptocurrencies remains political struggle
Poland is preparing stricter cryptocurrency regulations as both the government and President Karol Nawrocki introduced separate draft laws governing crypto assets. The Finance Ministry’s proposal implements the EU’s MiCA regulations and includes significantly tougher penalties for fraud, market manipulation, and violations related to token issuance and crypto services. Under the draft, the Polish Financial Supervision Authority (KNF) could impose fines of up to PLN 75 mln on companies and PLN 30 mln on individuals for serious violations.
Prison sentences for misleading investors or operating without required approvals would also increase. Meanwhile, the president’s proposal focuses on consumer protection, effective state supervision, and safeguarding the rights of crypto businesses operating in Poland.
(wnp.pl)
