Poland Lower House Considers Bill to Implement EU Regulations on Crypto-Asset Issuers, Service Providers

The Polish lower house of parliament (Sejm) May 8 accepted for consideration Bill No. 2529, to implement Regulation 2023/1114/EU on markets in crypto-assets (MiCA). The bill includes measures to: 1) establish obligations for specified crypto-asset issuers and crypto-asset service providers, including information reporting and due diligence requirements; 2) authorize the financial supervision authority to suspend or prohibit public offerings of crypto-assets, and impose sanctions on crypto-asset issuers and service providers; 3) impose criminal liability and fines for fraudulently issuing crypto-assets or providing crypto-asset services, or otherwise violating the relevant regulations; 4) specify the scope of confidential user information subject to ...