Poland’s Council of Ministers Resubmits Crypto-Assets Market Bill to Parliament

The bill aligns with the EU Markets in Crypto‑Assets (MiCA) Regulation (2023/1114), setting a framework for Poland’s crypto sector under EU standards. Its prompt reintroduction underscores the government’s intent to ensure compliance before the July 2026 deadline. [cointelegraph.com], [bingx.com]

Key Features of the Draft Law

• Designation of Supervisory Authority: The Polish Financial Supervision Authority (KNF) is appointed as the primary regulator for crypto-assets, responsible for licensing, supervision, and enforcement—including stablecoin reserve requirements.
  Read more on GNcrypto [bingx.com], [gncrypto.news] [gncrypto.news]
• Unchanged Bill Text: Government spokesman Adam Szłapka confirmed the reintroduced bill is identical, “not even a comma” altered, mirroring original Bill 1424 in its 84‑page entirety.
  More on this from Cointelegraph [cointelegraph.com], [tvpworld.com] [cointelegraph.com]
• Supervisory & Sanctioning Powers: KNF will have strong oversight to ensure issuance, trading, and service-provision adhere to MiCA, including investigatory and sanctioning authority over non-compliant actors. [bingx.com], [gncrypto.news]

Context and Reactions

• National Security Angle: Prime Minister Tusk emphasized the bill’s importance for national security, citing concerns over Russian-linked malicious entities using crypto—referencing hundreds of foreign actors and alleged sabotage financing.
  Cryptowisser notes: “national security concerns over Russian-linked entities in the country’s crypto registry.” [bingx.com], [gncrypto.news] [cryptowisser.com]
• Intra-EU Debate on Supervision: The bill feeds into a larger EU discussion on whether MiCA should be supervised locally or centrally via ESMA. Critics warn that Poland’s version introduces more restrictive oversight than required by MiCA. [cointelegraph.com], [gncrypto.news]

⏭ What Happens Next?

With the re-submission and intent to proceed without modification, Parliament will debate and vote again. Government officials anticipate President Nawrocki may no longer veto, following classified national security briefings. [cointelegraph.com], [gncrypto.news]

Source Links

• Poland reintroduces unchanged crypto bill (Cointelegraph): cointelegraph.com [cointelegraph.com]
• Poland re-files crypto bill with KNF oversight (GNcrypto): gncrypto.news [gncrypto.news]
• Government statement on alignment with MiCA and KNF powers (BingX News): bingx.com [bingx.com]
• National security and veto dynamics (Cryptowisser): cryptowisser.com [cryptowisser.com]