Poland is tightening the control of the cryptocurrency exchange market, which is in line with the measures within the European Union’s MiCA framework. The new law designates KNF with the ability to retain crypto accounts for 4 days in a criminal case if it seems that the transactions are linked to a crime.
If the prosecutors sign off on this, then the preliminary step of restricting the defendant from further use of the assets can be extended for six months at most.
This regulation has resulted in significant stress for cryptocurrency investors in Poland, as they might start worrying about the prolonged freezing of their accounts without precise guidance.
Officials who are not transparent could lead to an atmosphere of uncertainty and perhaps the use of such authority on an incorrect basis. This is exacerbated by the ongoing attempts of the Revenue Department to introduce new tax legislation that would include cryptocurrency…
