Crypto industry: The Crypto-Assets Market Act adopted
On 26 September 2025, the Sejm adopted the Crypto-Assets Market Act, which aims to ensure the application of the MiCA Regulation. What is worth knowing?
KNF supervision
The supervisory authority for the crypto-asset market will be the KNF. The Commission will, among other things, grant authorisations to operate as crypto-asset service providers (CASPs).
New obligations for CASPs
CASPs have been assigned a number of obligations, including the implementation of rules for the provision of crypto services and the training of employees providing advice on crypto services.
Online exchange offices
The Act also regulates the issue of cashless currency exchange, which may only be carried out by payment service providers maintaining an individual payment account for their clients.
Transitional periods
The Act sets maximum deadlines within which entities covered by its scope must comply with its requirements (in particular obtain the relevant KNF authorisation).
Criminal and administrative sanctions
A number of penalties have been introduced for failure to comply with the statutory requirements and the provisions of the MiCA Regulation, including for the unauthorised provision of services related to crypto activities.
This post was created as part of the 81st edition of FinTech Insider. In graphic form, it can be found in Polish on our LinkedIn profile and Knowledge Base.
