Poland’s Crypto Law: 😬 A Total Disaster?

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The fella runnin’ Zondacrypto, a cryptocurrency exchange, he’s sayin’ Poland’s readin’ of them EU rules – MiCA, they call ‘em – is like takin’ a step back into the dust bowl.

What’s Got Folks Riled About This Crypto Business?

Now, this Przemysław Kral, he’s the head man at Zondacrypto, and he’s joinin’ a whole heap o’ folks grievin’ over how Poland’s interpretted that European Union Markets in Crypto-Assets regulation (MiCA). Calls it “a prime example of overregulation.” Seems they got a hankerin’ for controllin’ things a little too much. 🙄

This Crypto-Asset Market Act, the Sejm-that’s the Polish parliament, for them not in the know-passed it on September 26th, and word is it gives the Polish Financial Supervision Authority (KNF) power that’s bigger than a Texas sky. They can shut down websites they don’t like and slap folks with fines that’ll make your eyes water. Folks are worryin’ this’ll push the small timers right outta town. Like dust bunnies under the rug.

The supporters, bless their hearts, they say it’ll tame the crypto “Wild West” and keep investors safe and sound. But Kral and others reckon they’re throwin’ the baby out with the bathwater. Seems they’re fixin’ to make things so tough, the whole domestic crypto scene might just shrivel up and blow away.

“Poland’s gone and done it too far,” Kral stated, soundin’ a bit like a farmer lookin’ at a failed harvest. “Their own crypto business is gonna suffer. They’re addin’ rules that treat crypto like a pestilence instead of a chance. They’re even talkin’ about makin’ somethin’ as simple as buildin’ a smart contract a crime! 🤦‍♂️ Companies will pack up and move where they’re wanted, takin’ jobs and money with ’em.”

If this law gets signed, launchin’ a new crypto company in Poland will be harder than herdin’ cats. Might end up with just a handful of giants callin’ all the shots.

The Senate has a month to look at it-though they can speed things up if folks start yellin’ ‘urgent’ loud enough. There’s whispers around that the president might just flat-out veto the whole thing if it reaches his desk lookin’ like this. Seems even he thinks they might’ve gone a bit overboard. 🤔

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2025-10-01 04:57