Poland Sejm passes MiCA as Zondacrypto fraud escalates

Poland’s Sejm passed a MiCA implementation bill on 15 May 2026 (241–200), moving the EU’s MiCA rules into Polish law. The draft sets MiCA licensing and operating requirements for crypto-asset service providers and makes the Polish Financial Supervision Authority (KNF) the designated regulator. The vote follows intensifying fallout from Zondacrypto, Poland’s largest exchange. Prosecutors estimate user losses around 350 million PLN (~$95–96m), but the amount is not yet confirmed by a court ruling. Thousands of customers allegedly cannot withdraw funds as the platform halted withdrawals, and investigators are reviewing 1,500+ complaints. Separately, officials and prosecutors have discussed potential links to Russian funds and foreign political influence, though these claims remain unverified. An additional operational angle is also emerging: allegations that a missing wallet tied to the exchange founder reportedly contained 4,500 BTC, creating a major liabilities gap. Poland must complete MiCA transposition by July 2026. Firms that fail to obtain required licences under the new MiCA framework could lose the ability to offer services in Poland. Traders should watch this as a near-term compliance catalyst alongside continued counterparty-risk headlines from a major exchange failure.