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New Crypto-Asset Market Rules: Supervision, Licenses, and Client Protection

This act introduces comprehensive regulations for the crypto-asset market in Poland, aligning national law with EU regulations. For citizens, this primarily means greater security when investing in and using cryptocurrency services, as companies in this sector will be required to obtain a license and be subject to strict supervision by the Polish Financial Supervision Authority (KNF). The act also specifies penalties for illegal activities, protects client funds in the event of a company's bankruptcy, and establishes clear rules for liability regarding information about crypto-assets.
Key points
Companies offering crypto-asset services (e.g., exchanges, wallets) will be required to obtain a license from the Polish Financial Supervision Authority (KNF) and adhere to new, detailed operational rules.
Mechanisms have been introduced to protect client funds in the event of bankruptcy or license revocation of a crypto-asset firm, including the possibility of a mandatory transfer of funds and crypto-assets to another, secure provider.
Illegally conducting crypto-asset business without a license is punishable by a fine of up to 20 million PLN or up to 8 years of imprisonment.
The KNF will gain tools to combat fraud, including the ability to block suspicious transactions and crypto-asset accounts for 96 hours, and to maintain a register of illegal websites that will be blocked by internet service providers.
The act exempts the sale and exchange of crypto-assets from the tax on civil law transactions (PCC), which is a beneficial change for investors.
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Status:
Vetoed
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Additional Information
Poselski projekt ustawy o rynku kryptoaktywów.
Print number: PROJEKT USTAWY 2363
Process start date: 2026-03-18