Crypto Businesses in Poland Brace for Impact as New Bill Looms

The authorities in Poland are working on a bill to finally regulate the country’s crypto market, the largest in Central and Eastern Europe, in accordance with the latest EU guidelines. Polish government renews push to regulate crypto. Poles may have been frustrated by delayed efforts to regulate the crypto space in their country, but what’s in store for them now does not necessarily bring a change for the better, as noted by Polish crypto media. If Nawrocki makes good on his promise not to sign it in its current form, attempts to regulate the crypto space in Poland are expected to continue.

If adopted, the legislation will assign regulatory oversight to Poland’s Financial Supervision Authority (KNF), which is not particularly popular among members of the country’s crypto industry. While the upcoming regulatory clarity may attract significant industry players that can afford the high costs of licensing, smaller crypto companies will have to either leave Poland or continue to operate there through registration in another jurisdiction.