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🚨 POLAND’S KNF CRYPTO LAW SPARKS CRITICISM AND CONCERN 📉! WILL THE SENATE
bro poland going full 🫠on crypto?
KNF cracking down like the 🚓 on unlicensed providers.
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poland’s new crypto regulations triggering industry pushback: critics claim bill overly restrictive compared to EU counterparts, sparking political tensions over potential negative market impacts.
The Lower Polish Parliament passed a law on the Crypto-Asset market, sparking reactions. The bill appoints KNF as the main regulator, requiring all Crypto service providers to obtain a license. Failure could lead to suspension, fines, and prison terms. Critics fear negative impacts on the market, with concerns over strict regulations. Opposition suggests the bill is overly restrictive compared to other EU countries. Political tensions arise over regulatory delays, with the fate of the bill now resting with the Senate and President. Karol Nawrocki vows to protect innovation against oppressive regulations.
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