Poland Sejm don approve Crypto-Asset Market Act again, dem send the bill wey no change go Senate
Poland lower house (Sejm) vote 241–183 to pass di Crypto-Asset Market Act again — na e no change wey President Karol Nawrocki don veto before — and dem don send di bill go Senate. Di law wan implement EU Markets in Crypto-Assets (MiCA) rules for inside Poland by to set strict licence and supervision under Polish Financial Supervision Authority (KNF). Government people dey present di measures as national security and anti–money-laundering steps. Critics, including MPs and industry groups, talk say di bill too pass MiCA baseline, e centralise power for KNF, shorten transition time before di expected July 2026 MiCA deadline, raise compliance cost and fit make firms comot go EU countries wey soft. President don show pro-crypto stance before but e veto earlier bill because e fear say e fit threaten freedoms and stability; officials talk say one classified security briefing fit change im final decision. If Senate approve di unchanged bill, e go return to president and e fit become law or face another veto. For traders: di measure dey increase regulatory risk for Poland-based crypto firms and users, fit reduce domestic liquidity and onboarding, and fit make exchanges and custodians relocate or change operations — things wey fit affect regional liquidity and market access, although immediate global price effect likely small unless whole EU take bigger action.
Bearish
Di bill dey raise regulatory risk for crypto companies wey dey based for Poland by impose licensing and supervision wey stricter pass MiCA under KNF, shorten transition timelines and increase compliance costs. E fit reduce local liquidity, slow down user onboarding and make exchanges, custodians or service providers relocate operations to friendlier EU jurisdictions — all things wey usually put downward pressure on trading volumes and regional market depth. For short term, traders fit see reduced liquidity and higher spreads for assets wey dem dey trade mainly on Polish venues or by Polish-licensed services. For medium-to-long term, if relocation or market contraction for Poland continue, e fit lower regional exchange capacity and institutional participation, keep downward pressure on local volumes and fit make market access hard for some users. But global price moves for major tokens likely go dey limited unless other EU states follow with similar extra-MiCA restrictions or the bill trigger wider regulatory contagion across the EU.