Poland advances in regulation: the legislature supports comprehensive reform of digital assets

The Polish parliament has taken a decisive step in modernizing its regulatory framework for the crypto sector. With 241 votes in favor, Sejm legislators have allowed the Crypto-Asset Market Law to continue its legislative process, now heading to the Senate for the final review phase.

This project represented a significant political challenge. President Karol Nawrocki initially halted the initiative, questioning both its wording and the economic impact it would have on sector companies in terms of compliance. His concerns centered around technical complexity and operational costs associated with implementation.

Alignment with European standards and financial security

The proposal aims to synchronize national legislation with the European Union’s (MiCA) Crypto-Asset Markets regime, creating a more harmonized environment. At the same time, it would significantly strengthen the competencies of the Polish Financial Supervision Authority, allowing it to exercise more thorough control over sector operations.

Authorities emphasize two fundamental pillars: preventing illicit financing of terrorist activities and ensuring structural stability in digital markets. These objectives reflect a global trend where regulators seek to balance innovation with the protection of the financial system.

Next steps in the legislative process

Approval in the Sejm marks the point of no return for this legislation. Senate analysis will be crucial in determining whether the framework ultimately becomes law or faces additional adjustments. The fact that it was revived after the presidential veto underscores the political consensus on the need for clear regulation in the crypto space.