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Poland Has Not Completed MiCA-Related Legislation, Prompting Some Crypto Firms to Consider Relocating Overseas

Source: cointelegraph.com Event types: Regulation/Compliance
According to Cointelegraph, Poland’s parliament has yet to pass the domestic legislation aligning with the EU’s Markets in Crypto-Assets (MiCA) regulatory framework, making Poland the last EU member state to complete this legislative process. With the MiCA transition period set to end on July 1, continued delays in enacting the bill could pose greater compliance challenges for local crypto businesses operating in the European market; some companies are already considering relocating to countries such as Latvia and the Czech Republic. Previously, Polish President Karol Nawrocki vetoed the bill twice, citing its overly burdensome regulatory requirements and potential adverse impact on small enterprises.

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