Overview
- Poland’s lower house, which passed the bill Friday, advanced EU-wide MiCA rules to align national law before the July deadline.
- The measure makes the Financial Supervision Authority the lead watchdog with powers to license crypto firms, require reports, suspend offerings, block accounts, and levy penalties.
- Prosecutors deepened the Zondacrypto probe with estimated customer losses above 350 million zlotys and thousands still unable to withdraw, and the Central Cybercrime Bureau is reviewing more than 1,500 complaints.
- President Karol Nawrocki has twice vetoed earlier versions and could do so again, and the regulator has warned Polish firms may lose the right to offer crypto services without MiCA in place by July.
- Investigators face cross-border hurdles, with the founder missing since 2022, the current CEO reported in Israel, and the prime minister alleging Russian money backed the exchange.