An updated version of the draft law concerning crypto assets has been published in Poland. This document includes the implementation of the MiCA regulation, which establishes a legal framework for the operation of crypto assets within the country.
This is reported by Business • Media
According to information provided by the official website, the draft law has been submitted for consideration by the Permanent Committee of the Council of Ministers of Poland. Its potential approval is planned for May 2025, after which the document will be presented in parliament. The project is titled «Ustawa o rynku kryptoaktywów» and is the implementation of the MiCA regulation adopted back in 2023. This regulatory act aims to lay the groundwork for regulating the crypto asset market in Poland, and the updated version was published on May 14, 2025.
Key Provisions of the Draft Law
The draft law contains several fundamental issues, such as licensing of service providers, responsibility for disclosure, and a mechanism for general market oversight. As reported by the Center for Public Legislation, the document has already been amended according to the recommendations of the Legal Committee and submitted for further consideration.
“In practice, this means that the internal legislative process of the government is nearing its final stage. It is expected that the Council of Ministers will approve the draft this month, after which it will be sent to parliament,” noted financial regulation lawyer Kamil Mośon from DLK Legal.
According to the expert, if both chambers approve the draft law without obstacles, the document could receive approval as early as July, with enforcement beginning in August.
Changes in Legislation
The updated version of the draft law contains several important amendments. In a note from the law firm Dudkowiak & Putyra Business Lawyers, it is stated that among the key changes are a grace period and the lifting of the ban on lending. Specifically, the transitional period for entities listed in the VASP register will range from four to nine months in certain cases.
It was also previously reported that a presidential candidate in Poland promised to create a Bitcoin reserve if elected, but the National Bank expressed opposition to this initiative.