The crypto assets bill has been referred to the Standing Committee of the Polish Council of Ministers, according to the official website. It could potentially be approved as early as May 2025, after which it will be submitted to parliament.

This is the draft “Ustawa o rynku kryptoaktyw?w”, which is actually an implementation of the MiCA regulation approved back in 2023. It is a framework regulation that aims to lay the foundation for the regulation of the crypto asset market in Poland. Its updated version was published on May 14, 2025.

The bill covers several fundamental points, including licensing of service providers, disclosure responsibilities and a mechanism for general market oversight.

According to the official website of the Center for State Legislation, the bill, already amended by the Legal Committee, has been referred to the Standing Committee of the Polish Council of Ministers for consideration.

In a comment to Incrypted, financial regulation lawyer at DLK Legal Kamil Moson explained it this way:

“In practice, this means that the government’s internal legislative process is approaching its final stage. The Council of Ministers is expected to adopt the draft this month, after which it will be submitted to parliament.”

According to the expert, if the draft law gets the approval of both chambers, it could be adopted by July and enter into force in August.

Apparently, the updated version of the bill includes a number of amendments. A memo from Dudkowiak & Putyra Business Lawyers says that the key changes include a grace period and the removal of the ban on lending.

Specifically, the transition period for entities on the VASP registry will range from four months to nine months in some cases.

Earlier, we reported that the presidential candidate in Poland promised to create a bitcoin reserve in case of his victory. But the National Bank opposed such an idea.