It seems that the government has finally “gone to reason” by abandoning the previous regulations it wanted to enforce. Recall that in recent weeks the parliament twice dealt with adopting the same draft law on crypto assets. After the first rejection by President Karol Nawrocki, Donald Tusk’s government returned with the same document unchanged. It was hard to expect that the head of state would sign the regulations the second time. One must ask whether the ruling authorities truly intended to change the law on cryptocurrencies, or merely create another storm around President Nawrocki. It turns out that for the third time the rulers decided to make changes that could gain the approval of the Presidential Palace.
KNF will supervise cryptocurrencies
The draft law on cryptocurrencies has been added to the legislative work list. The regulation is intended to enable the introduction of the EU MiCA regulation (Markets in Crypto-Assets), which governs the crypto asset market.
The new regulations will allow the Financial Supervision Authority (KNF) to control the cryptocurrency market. Exchanges, token issuers, and exchanges will be monitored. If irregularities are detected, KNF can intervene and impose high penalties.
It is important that the law imposes not only control mechanisms but also protective ones, requiring crypto asset issuers to inform their clients about the risks associated with investing on crypto exchanges.
The changes aim to better protect clients. Transactions on crypto exchanges will be subject to the same restrictions as those in banks and traditional financial institutions. And that’s not all. All agreements and transactions conducted online must be treated as if they were made in traditional paper form.
Aftermath of the Zondacrypto scandal
The fact that work on crypto asset regulations in Poland is gaining momentum and has allowed the ruling side to step back is linked to the Zondacrypto scandal. Recall that the Poland-based crypto asset exchange, which allowed the buying and selling of cryptocurrencies such as Bitcoin or Ethereum, led to thousands of people losing money in our country. At one point its clients lost the ability to withdraw their funds. The scale of the problem is enormous, and the rulers are still looking for a way to help the thousands of deceived people. They also want to introduce regulations that will prevent financial institutions dealing with crypto assets from exposing their clients to losses, as happened with Zondacrypto.
On April 17, 2026, the District Prosecutor’s Office in Katowice opened an investigation into significant fraud and money laundering. Investigators estimate the damage could be at least 350 million PLN. They add that this amount is steadily increasing, as is the number of affected people coming forward.
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