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Polish Lawmakers Open Review of Four Crypto Bills as PiS Proposes Ban

The fight now turns on how much power to give the financial regulator under the EU’s MiCA rulebook.

Overview

  • The Sejm opened debate on Tuesday on four rival drafts and set second readings for Thursday.
  • Speaker Włodzimierz Czarzasty said the PiS bill to outlaw crypto will be taken up only after those four are processed.
  • The key split is over the KNF’s powers, including account freezes, and the top fine for blocking inspections, with the president’s draft at 20 million zlotys and the government’s at 25 million.
  • Czarzasty pressed for answers about political funding tied to Zondacrypto and asked which politicians or events may have received money.
  • MiCA already applies across the EU, so Poland’s law will set the intensity of enforcement and could shape how exchanges and retail users operate in the country.