Poland’s President Rejects Crypto Regulation Bill Despite EU Pressure
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Poland's President Karol Nawrocki vetoed a bill intended to regulate the crypto market under EU's MiCA framework. The law had previously passed parliament in early November, aimed at granting more authority to the national financial supervisor, KNF. Prime Minister Donald Tusk plans to reintroduce the bill shortly.
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- The law was intended to implement EU-wide crypto rules under MiCA (Markets in Crypto-Assets) for Poland
- If signed, it would have given the national financial supervisor, Komisja Nadzoru Finansowego (KNF), extensive authority over cryptocurrency service providers
- Prime Minister Donald Tusk said the government would bring the bill back to parliament as soon as possible
Poland’s president, Karol Nawrocki, used his constitutional prerogative to veto the bill that would have regulated the crypto-assets market in the country. The law was intended to implement EU-wide crypto rules under MiCA (Markets in Crypto-Assets) for Poland.
It had already passed the parliament in early November of this year after adoption of some Senate amendments.
If signed, the bill would have given the national financial supervisor, Komisja Nadzoru Finansowego (KNF), extensive authority over…
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