According to Reuters, Poland approved a crypto bill to meet the EU’s MiCA deadline as the Zondacrypto collapse and political disputes over enforcement powers intensify pressure on Warsaw.
Poland’s lower house approved Bill No. 2529 to align the country’s crypto market with the European Union’s MiCA framework, as Warsaw faces a July deadline to implement the rules or risk disrupting domestic crypto-asset services. The finance ministry-backed measure passed 241-200 in the Sejm and gives the Polish Financial Supervision Authority, or KNF, powers to license and supervise firms, suspend offerings, block accounts, and penalize market abuse. The vote comes amid a prosecutor-led investigation into the collapse of Zondacrypto, once Poland’s largest exchange, where authorities estimate losses of more than 350 million zlotys, about $96 million. The case has widened political divisions, with President Karol Nawrocki previously vetoing earlier versions of the bill over concerns about strict penalties, while some Law and Justice lawmakers have proposed banning crypto-related business activity entirely.