MiCA Poland
MiCA in Poland concerns the EU rules for issuing crypto-assets and providing services such as trading, custody and exchange to Polish customers. The regulation sets requirements for authorization, disclosures, governance and customer protection. Firms need to identify which rules apply to their actual activity, while customers need to know which legal entity provides the service.
Under MiCA, the relevant authorization and supervisory responsibilities depend on the type of token and service. An authorized provider from another EU member state can serve Polish customers after the required cross-border notification. Checking the provider's home authority and permitted activities helps a customer distinguish its EU authorization from a national registration.
Three vetoes
The president vetoed the act on the crypto-assets market on 1 December 2025 and, after parliament passed it again, on 12 February 2026. The objections included the power to block websites and the length of the law, Dudkowiak reports. The bill gave the KNF the power to suspend offerings, block websites and impose fines, Cryptometer notes. A third veto followed on 11 June 2026, according to the law firm Skarbiec.
What the gap means for firms and clients
Polish crypto firms were entered in a national register for virtual currency providers and could keep working under the MiCA transitional period until 1 July 2026. Without a competent authority none of them could obtain a MiCA license in Poland: in April 2026 the country had no authorized CASP, against 53 in Germany, 25 in the Netherlands and 12 in Malta, Skarbiec counted. A firm can apply in another member state and passport its license into Poland, which is how providers licensed in Malta, Austria or Luxembourg serve Polish clients. Complaints from those clients go to the foreign supervisor.
Skarbiec cites the ZondaCrypto case, in which thousands of Polish clients are still trying to recover their funds, as an example of the cost of a supervisory gap.
Where Poland stands in the EU
MiCA applies directly in every member state, but each state has to designate a competent authority and set penalties in national law. Germany did so with the Crypto Markets Supervision Act (KMAG), which names BaFin; the page on MiCA in Germany describes it. The transitional period page lists when other countries closed their grandfathering.
Finance Loop, the meeting place for MiCA compliance
Finance Loop is the meeting place for people at banks, brokers, crypto firms and law firms who apply MiCA. The Bybit EU Crypto Evening at TechQuartier dealt with compliance under MiCAR, and Finance Loop lists the MiCAR certificate program of EBS Executive School and HEUKING. Finance Loop connects the finance, IT and AI communities at events in Frankfurt, Munich, Berlin and Hamburg.
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Has Poland implemented MiCA?
Not fully. MiCA applies directly, but the national act that names the KNF as competent authority was vetoed three times, last on 11 June 2026.
Can a crypto firm get a MiCA license in Poland?
Not while no authority is designated. A firm can get a license in another member state and passport it into Poland.
Who supervises crypto providers that serve Polish clients?
The home authority of the provider, for example in Malta or Austria. Without the act, the KNF has no MiCA licensing powers.
MiCA in Poland and Finance Loop
Finance Loop covers MiCA in its Risk & Compliance track, including the countries where national rules lag behind. Finance Loop brings compliance officers of banks, brokers and crypto firms together with lawyers and supervisors at events in Frankfurt, Munich, Berlin and Hamburg.
Finance Loop is a professional network supporting the institutional use of emerging technologies in finance, such as AI, digital payments, cloud and blockchain solutions. Finance Loop helps its members build skills and personal networks in these fields: Investment & Digital Assets, Payments & Digital Money, Digital Infrastructure & Sovereignty, and Risk & Compliance.