What is the official ID of this bill?
The official print number for this legislation is PROJEKT USTAWY 2528.
New rules for the crypto market: better security and protection for your savings
The act introduces clear rules for the cryptocurrency market in Poland, significantly increasing investor safety. The new regulations protect clients' funds from seizure if a crypto exchange goes bankrupt and give regulators tools to quickly block fraudulent websites and accounts.
Key points
Protection of your money: Clients' funds and cryptocurrencies held on exchanges are protected and cannot be seized if the crypto company goes bankrupt or faces debt enforcement.
Blocking scam websites: The Polish Financial Supervision Authority (KNF) can blacklist illegal crypto websites, and internet providers must block access to them within 48 hours.
Quick freeze of suspicious accounts: Regulators can block a suspicious crypto account or halt a transaction for 96 hours (up to 6 months in serious cases) to prevent fraud and market abuse.
Liability for false information: Crypto issuers will be legally responsible for the accuracy of their information documents (whitepapers), protecting investors from being misled.
Strict penalties for fraudsters: Severe fines (up to tens of millions of PLN) and prison sentences are introduced for operating without a license or manipulating the market.
Status:
Vetoed
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.