Cryptoasset Market Act passed by the Sejm!

On September 26, 2025, the Polish Sejm passed the draft of Cryptoasset Market Act implementing the MiCA regulation. The Act provides for the cryptoasset market to be supervised by the Polish Financial Supervision Authority.

The draft act will now be forwarded to the Senate and then to the President. During the parliamentary proceedings, there were indications that the President would likely exercise his veto and present his own draft act, which would be more favorable to the market. The act’s entry into force may be delayed until next year.

Scope of regulation and supervision by the Polish Financial Supervision Authority

The draft act will entrusts the Polish Financial Supervision Authority with comprehensive supervision of the crypto-asset market.

The Polish Financial Supervision Authority will gain, among other things, the competence to:

• grant licenses to provide crypto-asset services (so-called CASP licenses),
• enter domains into the register of fraudulent domains used to conduct cryptoasset activities,
• supervise issuers associated with assets and tokens that are e-money,
• impose sanctions on entities that violate the regulations.

Issuing tokens without an approved information document, conducting business without a KNF license, or violating information obligations are punishable by fines of up to PLN 10 million, restrictions on freedom, or imprisonment for up to two years.

What next?

The Cryptoasset Market Act opens a new chapter in the regulation of digital finance in Poland. Its future depends on the decisions of the Senate and the President, but it is already clear that the cryptoasset market will become subject to much stricter supervision.

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