Draft Law on the Crypto-Asset Market Referred to the Public Finance Committee

Is Poland one step closer to comprehensive regulation of the crypto asset market?

On 23 July 2025, the Polish Parliament completed the first reading of the draft Act on the Crypto-Asset Market and has decided to refer the Act for further legislative work to the Parliamentary Public Finance Committee.

The referral marks the beginning of the next stage of the legislative process, during which amendments to the content of the draft law will be discussed.

Does criticism from the opposition reveal real threats to innovation in the crypto sector?

During the parliamentary debate, opposition members of parliament raised concerns about the potential negative impact of the proposed regulation on the crypto-asset sector, including:

• a significant increase in operating costs and administrative burdens (with particular emphasis on the cost of supervision and its calculation method),
• limitations on the availability of innovative products and services on the Polish crypto-asset market,
• an overly extensive list of criminal offences combined with disproportionately high sanctions for breaches of the Act,
• imposing regulatory obligations on businesses that go beyond the requirements of the MiCA Regulation (so-called gold-plating).

In addition, one of the most important elements of this act, namely the designation of the Financial Supervision Authority as the supervisory authority for the crypto-asset market, was assessed negatively.

An alternative proposal was presented to entrust supervisory responsibilities to the Minister of Digital Affairs, seen as a body more supportive of technological innovation and more attuned to the specific nature of the crypto-asset market and the needs of entrepreneurs operating in this space.

The government side rejected all objections, maintaining that no amendments to the draft law are necessary at this stage.

What stage are the Polish regulations for the crypto market at?

Due to the summer recess, further work on the draft in the Public Finance Committee has been scheduled for September 2025. At that time, parliamentary clubs will present their proposed amendments, which will be subject to discussion during the committee’s sessions.

As of now, no specific date for the entry into force of the Crypto-Asset Market Act has been determined, however, it is expected that the law will come into force in the fourth quarter of 2025.

Planning crypto-asset operations in Poland?

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