On Tuesday, Prime Minister Donald Tusk announced that the government will once again submit the draft bill on the crypto-asset market to the Sejm this week.
“That's what we do. The project was adopted by the Council of Ministers and has just been submitted to the Sejm” — wrote Maciej Berek, Minister of Supervision over the Implementation of Government Policy, on the X platform.
He posted a photo of the letter as proof.
“We are doing it for the third time. And for the third time, the Sejm and Senate will pass an act intended to protect people investing in this market. This time President Karol Nawrocki no longer has any arguments against this actespecially after he submitted to the Sejm a project that is almost literally a copied government project,” we read in Minister Berek's entry.
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If Poland does not introduce regulations implementing the EU MiCA (Markets in Crypto Assets) cryptoassets regulation by June 30, we will face sanctions.
Crypto-assets regulations. What does the government's new project contain?
The draft Act on the Crypto-Asset Market 3.0 was published on the website of the Government Legislation Center. It is still an extensive document, consisting of 106 pages (draft), and with justification – 192 pages.
At first glance, it differs little from previous acts vetoed by President Karol Nawrocki, which also defined in great detail, among others: powers of the Polish Financial Supervision Authority. However, the penalties increase significantly.
The Polish Financial Supervision Authority is still to be the body that will supervise the market. The project also introduces tools for the effective performance of supervision by the Polish Financial Supervision Authority.
Fees have also been maintained for crypto-asset service providers, issuers of asset-linked tokens and issuers of e-money tokens.
We wrote more about the project HERE.
