According to Reuters, Poland’s parliament passed cryptocurrency regulation legislation on May 15 to implement the EU’s Markets in Crypto-Assets Regulation (MiCA), with implementation rules due by July.
The law follows investigations into Zondacrypto, a Polish crypto exchange accused of large-scale fraud. Prosecutors are investigating alleged losses exceeding 350 million zloty (approximately $95.93 million), affecting thousands of users unable to withdraw funds.
Related News
The CLARITY Act advances into the final stage in the Senate, sacrificing DeFi developers’ rights to reach a consensus
Banco Topazio commits violations in crypto transactions worth $1.7 billion; Brazil’s central bank imposes a two-year ban
Brazil Slaps Banco Topazio With $3.2M Fine and 2-Year Crypto Trading Ban