Poland Adopts Crypto Bill Amid Zondacrypto User Losses

Polish lawmakers have passed a cryptocurrency bill to implement the European Union's Markets in Crypto-Assets Regulation (MiCA). According to NS3.AI, this move comes as prosecutors estimate Zondacrypto user losses to exceed 350 million zlotys ($95.93 million). The legislation, which Poland is required to approve by July, follows a period of financial turmoil for Zondacrypto users who faced difficulties in withdrawing their funds. The bill's adoption occurred after President Karol Nawrocki vetoed two previous versions due to concerns over regulatory burdens and penalties.