Crypto-Asset Market Bill Heads to Parliament

The legislative process for the draft Act on the Crypto-Asset Market has been completed at the governmental level, and the draft has now been submitted for further proceedings in the Polish Parliament (Sejm).

The final version of the bill does not differ materially from the draft published in May 2025.

As a result, the transitional arrangements proposed last month remain valid – including, in particular, the provisions regarding the transitional period. It is worth recalling that entities registered in the VASP register (the register of activities related to virtual currencies), as well as entities providing crypto-asset services as of 29 December 2024, will be permitted to continue their operations for an additional period of:

• 4 months from the date the Act enters into force; or
• 9 months from that date, provided that they submit a complete application for a CASP license and receive a notice of completeness from the Polish Financial Supervision Authority (KNF) within 3 months of the Act’s entry into force.

When will the Act enter into force?

It is expected that the draft will be considered by the Parliament in September (as of now, the draft Act on the Crypto-Asset Market has not yet been included in the official parliamentary agenda).

Following adoption by the Parliament, the Act will be submitted to the President of the Republic of Poland for signature.

We estimate, that the Act on the Crypto-Asset Market may come into force in the Q3’2025.

We will keep you informed about further progress on the act!