Poland Passes Bill to Regulate Crypto Market, Sets Up Dedicated Watchdog

Poland is receiving backlash for a strict crypto law. A new regulation enacted by lawmakers establishes defined guidelines for crypto companies, imposing limitations on their operations and ensuring greater investor protection. The establishment of a specialised watchdog to monitor the sector is at the core of the legislation. This new body will monitor crypto service providers, enforce anti-money laundering regulations, and try to reduce fraud and other issues that regulators have been concerned about. Poland is keeping up with broader European attempts to appropriately regulate digital assets while simultaneously sending a message that it wants to make crypto safer and more reliable by strengthening oversight.