Catenaa, Friday, October 03, 2025-Poland has passed a new crypto law lastweek, prompting concerns from industry leaders that excessive domestic measures could stifle innovation and drive businesses abroad.
The legislation, framed as a domestic interpretation of the European Union’s Markets in Crypto-Assets (MiCA) framework, introduces stricter rules than those required at the EU level, aiming to enhance consumer protection and financial stability.
Przemysław Kral, CEO of European crypto exchange Zondacrypto, described the move as a step backward. He warned that the law risks overregulating the sector, treating crypto as a threat rather than an opportunity, and could criminalize routine activities such as smart contract development.
Kral noted that such measures may prompt companies to relocate to friendlier jurisdictions, potentially resulting in job losses and reduced tax revenues for Poland.
Zondacrypto itself, though founded in Poland, is regulated in Estonia, where it pays more than €6 million in VAT annually.
Kral said the new law could make it harder for new crypto startups to launch domestically, consolidating dominance among larger firms.
Polish authorities argue that enhanced oversight is necessary to reduce fraud, money laundering, and other risks associated with digital assets.
Critics contend that a balanced regulatory approach, aligned with MiCA’s original intent, would better protect consumers while allowing responsible innovation to flourish.
The law highlights the ongoing challenge for regulators worldwide: striking the right balance between safeguarding markets and promoting growth in a rapidly evolving crypto industry, as nations navigate the tension between compliance and competitiveness.
