CoinDesk Analysis: Polish Crypto Industry Faces Difficulties Due to Domestic Political Stalemate After EU MiCA Regulation Transition Period Ends
CoinDesk published an article analyzing that after the transitional period of the European Union's Markets in Crypto-Assets (MiCA) regulation ends, the Polish crypto industry's economic ambitions have been thwarted due to its failure to establish a domestic framework supporting MiCA, a result of domestic political gridlock. The Polish Ministry of Finance confirmed on July 1 that existing virtual currency registrations no longer constitute a legal basis for operation, and only entities holding MiCA authorization can provide crypto services. Currently, Germany, France, and the Netherlands have issued 57, 26, and 26 MiCA licenses, respectively, while Poland, Greece, Hungary, and Romania have collectively issued zero. This has led to the closure of a large number of crypto businesses in Poland, with founders and investments flowing to other EU countries. Approximately 9.4 billion euros in digital assets held by Polish investors also face the risk of reallocation.
Source:CoinDesk · Source Link
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