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>>Poland approves cryptocurrency legislation while the Zondacrypto investigation expands

Poland approves cryptocurrency legislation while the Zondacrypto investigation expands

crypthub

5/15/2026, 10:00:18 AM

Adoption of Crypto Bill

Polish parliament passed a law to implement the EU Markets in Crypto‑Assets Regulation (MiCA) before the July deadline. The bill aims to create a uniform framework for crypto providers in Poland. Lawmakers say the measure will bring legal certainty and align the market with European standards.

Zondacrypto Fraud Investigation

Prosecutors opened a fraud probe into Zondacrypto after users lost access to over 350 million zlotys (~$96 million). The exchange’s founder vanished in 2022 and its successor resides in Israel, complicating extradition. Officials link the case to possible Russian influence and past political sponsorships.

Political Dispute over Oversight

President Karol Nawrocki vetoed two earlier MiCA bills, arguing they would overburden firms and drive them abroad. He submitted a modified version with reduced penalties, but retains the power to block the current proposal. The clash reflects broader disagreement on how tightly to regulate the fast‑growing crypto sector.

Urgency and Security Concerns

Poland’s financial watchdog warns that failure to enact MiCA could strip local firms of crypto‑service licences. The government stresses the need for the EU framework to strengthen oversight after the Zondacrypto collapse. Authorities also fear cryptocurrencies could facilitate Russian sabotage operations.