Polish lawmakers approved a long-debated crypto bill to align with the EU’s MiCA rules, as a fraud probe tied to a major exchange intensifies political tensions in Warsaw.
Polish lawmakers have approved a long-debated cryptocurrency bill, moving to align the country with the European Union’s Markets in Crypto-Assets regulation as a fraud probe tied to a major exchange fuels political tension in Warsaw.
The legislation, passed on Friday, sets a framework for licensing, supervision, and consumer protection across the crypto sector, according to Reuters reporting. Poland faces a July deadline to implement MiCA or risk forcing domestic firms to halt crypto-asset services, according to the national financial watchdog.
The vote lands as prosecutors investigate the collapse of Zondacrypto, once the country’s largest exchange, where thousands of users remain unable to access funds. Authorities estimate losses at more than 350 million zlotys, about $96 million, turning the case into one of the most significant crypto failures in Central Europe.
Prime Minister Donald Tusk has linked the platform to alleged foreign influence, citing security service findings that point to Russian capital behind the exchange. He has described the company’s origins as opaque and raised concerns about its past sponsorship of events involving figures from the nationalist opposition. Moscow has denied any role in sabotage or covert activity across Europe.
