Poland’s new draft bill may kill crypto businesses in the country

币界网报道:Poland's Ministry of Finance has proposed a draft bill that could impose stringent regulations on the crypto sector, potentially forcing many businesses to shut down. The legislation introduces a mandatory licensing regime for crypto firms, requiring them to obtain approval from the Polish Financial Supervision Authority (KNF). Companies would need to meet strict capital requirements, with minimum thresholds set at €125,000 for exchanges and €730,000 for custodial services. The bill also mandates rigorous compliance measures, including detailed reporting and anti-money laundering protocols. Industry experts warn that these requirements could disproportionately burden smaller firms, leading to market consolidation. Critics argue the proposal contradicts the EU's Markets in Crypto-Assets (MiCA) framework by creating additional national barriers. The draft is open for public consultation until September 7, with the crypto community urging revisions to avoid stifling innovation. If enacted, the law would take effect in 2025.

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