2025-07-23 09:53
publication
2025-07-23 09:53
On Wednesday, the Sejm decided to direct the bill on the cryptoactic market to the Public Finance Committee, thus telling against rejection at first reading. The project assumes, among others, that the financial supervision committee will supervise the cryptoactic market.
188 MPs voted for the application to reject the project first, there were 228 and 3 abstained. The application for rejection during the debate on the bill, on Tuesday, submitted a confederation of the Polish Crown.
During the debate about the project, MPs criticized, among others Given the KNF supervision over this market and the burden that arise from the Act. As deputy finance minister Jurand Drop said, the act aims, among others Implementation of EU regulations, i.e. the MICA regulation (The Markets in Crypto-Assts Regulation).
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– In Poland, 18 percent He has experience with the investment in cryptoache. These provisions are important to strengthen the protection of investors and clients of the cryptoactic market – said Jurand Drop. He added that there are currently no regulations on the Polish market, protecting customers investing in cryptoaches against fraud. – 20 percent Investing in this market declares that he has been victims of some fraud or abuse – Drop said on Tuesday.
The bill provides that the supervision of the cryptoactic market will be exercised by the Polish Financial Supervision Authority (KNF), which will be equipped with appropriate supervisory and control tools. Some duties of tokens related to assets and tokens being e-fencing, as well as cryptoactic service providers, are also to be clarified. In the event of a violation of the regulations, the PFSA will be able to make entries in its registry of dishonest internet domains used to conduct cryptoactive activities. This will be aimed at – as indicated – customer and market protection against dishonest entities.
The project also provides for the introduction of criminal liability for crimes committed, among others in connection with the emission of tokens or the provision of cryptoactic services. The perpetrators of the most serious violations will be threatened by a fine, the penalty of restriction of liberty or imprisonment.
– The second part of the Act regulates the issues of online currency exchange offices. She is associated with the KNF initiative. It assumes the CNF's supervision under the operation of the exchange offices – said Jurand Drop.
The planned act assumes, among others The obligation that the online currency exchange office keep an individual payment account for its clients. This is to enable, among others Protection of clients' financial resources, and will also allow them to be available at any time. (PAP)
JLS/ DRAG/
