Poland advances strict crypto bill, sparking public backlash

Poland's cryptocurrency industry faces unprecedented regulatory pressure as the controversial Crypto-Asset Market Act advances to Senate review following Sejm approval. The strict legislation has triggered widespread public backlash from Bitcoin traders, blockchain developers, and DeFi enthusiasts across the nation.

The comprehensive bill introduces stringent licensing requirements for cryptocurrency exchanges, digital asset service providers, and blockchain-based businesses operating in Poland. Violations could result in hefty financial penalties and potential prison sentences, marking one of Europe's most restrictive approaches to crypto regulation.

Industry experts warn the legislation could stifle Poland's growing cryptocurrency market, potentially driving Bitcoin trading volumes and blockchain innovation to neighboring countries with more favorable regulatory frameworks. The move contrasts sharply with other EU nations embracing digital assets and decentralized finance (DeFi) protocols.

Polish cryptocurrency communities have mobilized online campaigns opposing the bill, arguing it threatens financial freedom and technological progress. As the Senate prepares for final deliberations, market analysts predict significant implications for Poland's position in the global crypto ecosystem and potential ripple effects across Eastern European Bitcoin adoption rates.