{"id":12125,"date":"2025-09-30T12:30:25","date_gmt":"2025-09-30T12:30:25","guid":{"rendered":"https:\/\/bitunikey.com\/news\/zondacrypto-ceo-slams-poland-over-strict-crypto-bill\/"},"modified":"2025-09-30T12:30:31","modified_gmt":"2025-09-30T12:30:31","slug":"zondacrypto-ceo-slams-poland-over-strict-crypto-bill","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/zondacrypto-ceo-slams-poland-over-strict-crypto-bill\/","title":{"rendered":"zondacrypto CEO slams Poland over strict crypto bill"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">zondacrypto CEO criticizes Poland\u2019s Crypto-Asset Market bill, calling it a \u2018prime example of overregulation\u2019 that could lead to the criminalization of basic crypto activities from service providers. <\/p>\n<div id=\"cn-block-summary-block_7d97de35af347be1b10d250c71c5ed5e\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Poland\u2019s proposed Crypto-Asset Market Act introduces strict licensing requirements and harsh penalties for crypto firms, drawing criticism from industry leaders.<\/li>\n<li>zondacrypto CEO Przemys\u0142aw Kral argues the bill overregulates the sector, risks criminalizing basic activities like smart contract development, and could push companies to relocate to more crypto-friendly countries.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>In a statement sent to crypto.news, zondacrypto CEO Przemys\u0142aw Kral highlighted the potential pitfalls of Poland\u2019s Crypto-Asset Market Act, which has recently been approved by the majority of Polish lawmakers from the lower house of parliament, the Sejm. The bill is now awaiting approval from lawmakers in the Senate.<\/p>\n<p>The <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/orka.sejm.gov.pl\/Druki10ka.nsf\/0\/81238EAF383A7BA6C1258CC000647877\/%24File\/1424.pdf\" target=\"_blank\" rel=\"nofollow\">law<\/a> would introduce a licensing regime for crypto asset service providers, aligning Poland\u2019s regulations with that of the European Union\u2019s Markets in Crypto-Assets Regulation framework or MiCA. However, the bill also enforces harsh sanctions for violations, including fines of up to 10 million Polish zlotys or around $2.8 million. Some regulations even carry a sentence of up to two years in prison.<\/p>\n<p>\u201cPoland has taken it too far and its domestic crypto industry will suffer as a result. It imposes excessive restrictions that treat crypto as a threat rather than an opportunity,\u201d said Kral in his statement to crypto.news.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>According to zondacrypto\u2019s CEO, the new regulatory framework could end up criminalizing basic activities in the space, such as developing smart contracts. He believes the bill would make it harder for innovation to grow in the country\u2019s emerging crypto market if it gets passed.<\/p>\n<p>\u201cCompanies will relocate to friendlier markets, taking jobs and tax revenue with them,\u201d he added.<\/p>\n<p>Karl said that his firm, zondacrypto, made the decision to be regulated in in Estonia where it pays over \u20ac6 million in value added tax annually to the nation. Even though the firm itself was founded in Poland, he cited the country\u2019s \u201cless favorable environment\u201d as the reason why it moved its business elsewhere.<\/p>\n<h2 class=\"wp-block-heading\"><strong>zondacrypto<\/strong>\u2018s view on Poland\u2019s upcoming crypto bill<\/h2>\n<p>Based on the official <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/orka.sejm.gov.pl\/Druki10ka.nsf\/0\/81238EAF383A7BA6C1258CC000647877\/%24File\/1424.pdf\" target=\"_blank\" rel=\"nofollow\">document<\/a>, the bill would grant Polish financial supervising agency, Komisja Nadzoru Finansowego, authority as the main watchdog of the country\u2019s crypto market. This means that crypto asset service providers including exchanges and issuers, would need to hold a license approved by the KNF in order to operate in Poland.<\/p>\n<p>\u201cThe new rules also make it much harder for new crypto companies to launch in Poland, meaning the existing giants will continue to dominate the market,\u201d said zondacrypto\u2019s CEO, Przemys\u0142aw Kral.<\/p>\n<p>The process involves crypto firms sending through a detailed application which includes their corporate structure, capital adequacy, internal controls and compliance systems, risk management policies and Anti-Money Laundering procedures.<\/p>\n<p>If the bill gets enacted, crypto asset service providers in Poland will have six months to secure the necessary license, or risk being forced to shut down and face legal penalties such as fines and jail time.<\/p>\n<p>Although zondacrypto\u2019s CEO believes that regulations are necessary for the upkeep of the crypto industry, as it is becoming more globally recognized, they argue this is overregulation.<\/p>\n<p>\u201cWhile regulation is necessary for consumer protection, it can be counterproductive,\u201d Kral told crypto.news via a press agent.<\/p>\n<p>The law is also receiving backlash from lawmakers who opposed the bill\u2019s vote last week. Janusz Kowalski, a member of the Sejm opposition Law and Justice Party, <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/JKowalski_posel\/status\/1970931553955180946\">slammed<\/a> the government\u2019s interpretation of the EU\u2019s MiCA regulation calling the bill \u201cthe largest and most restrictive cryptocurrency law in the EU!\u201d<\/p>\n<p>Compared to Germany, Czech Republic, Cyprus, Hungary, and Romania, Poland\u2019s bill is the longest.<\/p>\n<p>\u201cThis shows the scale of absurdity from the team, which is blocking the development of crypto assets in Poland by wanting Poles to keep their savings outside Poland,\u201d said Kowalski.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>zondacrypto CEO criticizes Poland\u2019s Crypto-Asset Market bill, calling it a \u2018prime example of overregulation\u2019 that could lead to the criminalization of basic crypto activities from service providers. Summary Poland\u2019s proposed&hellip;<\/p>\n","protected":false},"author":1,"featured_media":12126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=12125"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12125\/revisions"}],"predecessor-version":[{"id":12127,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12125\/revisions\/12127"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/12126"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}