Poland's Ministry of Finance announced that the Council of Ministers has adopted a draft law on the crypto-asset market to apply the European Union's Markets in Crypto-Assets Regulation (MiCA) in Poland. The bill would designate the Polish Financial Supervision Authority (KNF) as supervisor, with supervisory, investigative and sanctioning powers over crypto-asset issuance, trading and services. It is intended to strengthen client and investor protection, add anti-abuse and anti-fraud mechanisms, and allow firms registered in Poland to offer services in Poland and across the European Union. Compared with drafts previously adopted on 24 June 2025 and 9 December 2025, the proposal is substantively unchanged except for tougher sanctions. Providing crypto-asset services without the required authorisation would carry up to 8 years' imprisonment and a fine of up to PLN 20 million, while issuing or offering tokens without an approved information document would carry up to 8 years and PLN 10 million. The fine for obstructing an inspection would rise to PLN 25 million from PLN 20 million, and the period for suspending trading in crypto-assets at KNF's request would extend to 24 months from 12 months where a platform operator breaches service rules, including cross-border requirements. The ministry also highlighted protections including full information and risk disclosures, clear and non-misleading marketing, free complaint procedures, and the ability to redeem crypto-assets from the issuer at any time in cash.

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