TechFlow, September 29 — According to Cointelegraph, Poland's lower house of parliament has passed a new version of the "Markets in Crypto-Assets Act," with 230 votes in favor and 196 opposed. The bill requires all crypto-asset service providers (CASP) to obtain licenses from the Polish Financial Supervision Authority (KNF). Violators could face fines up to 10 million zloty (approximately $2.8 million) and imprisonment for up to two years. A six-month transition period will be granted upon implementation. Critics have labeled the legislation "the strictest cryptocurrency regulation in the EU," sparking strong opposition from the industry, which argues it may harm the interests of Poland’s 3 million cryptocurrency holders. The bill has now been submitted to the Senate for review.
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