Poland passes strict cryptocurrency regulation bill, punishable by fines of up to $2.80 million
2025-09-29 12:17:11
The lower house of the Polish parliament has passed a new version of the Crypto Asset Market Bill, which received 230 votes in favor and 196 votes against. The bill stipulates that all crypto asset service providers (CASPs) must apply for a license from the Polish Financial Supervisory Authority (KNF). Violators will face a maximum fine of 10 million zloty (about 2.80 million dollars) and a maximum of two years in prison. After the bill is implemented, a 6-month transition period will be given. The bill has been called by critics as "the strictest cryptocurrency regulation in the European Union", which has triggered strong opposition from the industry, arguing that it may harm the interests of cryptocurrency holders in Poland 3 million. The bill is currently before the Senate for consideration.
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