Draft Crypto-Asset Market Act: KNF Supervision and New Rules.
The draft act introduces rules for the crypto-asset market in Poland, aiming to implement EU law (MiCA regulation). Companies offering crypto services will be required to obtain authorization and be subject to supervision by the Polish Financial Supervision Authority (KNF), intended to increase trading security and client protection.
Key points
KNF Supervision: Crypto-asset service providers must obtain authorization and will be supervised by the KNF.
Asset Protection: Client funds and crypto-assets must be segregated from the service provider's assets.
Fighting Abuse: The KNF will gain the right to demand the blocking of crypto-asset accounts in cases of suspected manipulation and to maintain a register of domains violating regulations.
Information Liability: Rules for civil liability regarding the crypto-asset white paper have been defined.
Sanctions: High financial penalties and criminal liability are provided for violating regulations, including operating without authorization.
Regulatory Changes: The draft adapts other acts, including tax laws, to the new terminology and rules of the crypto-asset market.
57%
VOTING RESULTS
2025-12-18
For
241
Against
183
Abstain
1
Status:
Presidential Veto
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