The Crypto-Assets Bill In Poland In The Pipeline

The proposed law aims to align national regulations with EU Regulation (EU) 2023/1114 on crypto-assets, ensuring uniformity across Member States while fostering innovation, fair competition and investor protection. It introduces a comprehensive framework for crypto-asset markets, including provisions for issuing permits to crypto-asset service providers and regulating various token categories, such as asset-referenced tokens and electronic money tokens. The law designates the Financial Supervision Commission (KNF) as the competent authority responsible for supervising and enforcing regulatory compliance. It outlines obligations for token issuers and service providers, including reporting requirements to the KNF and granting the authority additional powers to request necessary information for oversight purposes.