Poland drafts crypto-assets act aligned with MiCA: latest updates

Poland’s draft crypto-assets act is meant to transpose the EU’s MiCA ￰0￱ proposal makes the Financial Supervision Authority (KNF) the lead regulator and introduces both financial and criminal penalties for ￰1￱ draft sets licensing rules for service providers abolishes the VASP registry by 2025 and imposes reporting duties on ￰2￱ also grants KNF powers to freeze accounts for up to 96 hours extendable to six months with prosecutor ￰3￱ 23 September 2025

the Public Finance Committee approved amendments that clarified supervisory powers added minimum prison terms for unauthorized providers refined definitions for currency exchange and extended compliance deadlines for blocking ￰4￱ EU states are also moving at different speeds on ￰5￱ and Germany are integrating the regulation into existing licensing systems

often with transitional ￰6￱ and Estonia have tightened provider rules early while Spain has delayed enforcement to give firms more time.