Wednesday, 10 December 2025
The government has approved two key draft laws designed to modernise Poland’s financial-market framework and regulate the crypto-asset sector, aiming to align domestic rules with European standards and increase protection for market participants.
On 9 December 2025 the cabinet accepted a draft law amending several statutes linked to the operation of financial markets and the protection of their participants. The changes bring Polish legislation into compliance with EU regulations, especially in the areas of payment services, reference benchmarks, and resolution regimes. Under the new rules, payment-service providers operating in Poland will be required to offer instant euro transfers (under the EU’s Instant Payments Regulation, IPR) without additional fees. Technical adjustments implementing the updated minimum requirement for own funds and eligible liabilities (MREL) — as defined under EU banking-resolution rules — are also included.
Separately, the cabinet reinstated a draft law on crypto-assets. The proposal is identical to the version approved by parliament on 7 November, which had been vetoed by the President. The renewed draft will be sent anew to the parliament. Under the proposed regulation, the market for crypto-assets in Poland would be brought under the supervision of the Komisja Nadzoru Finansowego (KNF), which would gain investigative and sanctioning powers over service providers, issuers, and intermediaries. The law aims to implement in Poland the full scope of the EU’s Markets in Crypto‑Assets Regulation (MiCA). It grants Polish-registered firms the possibility to offer services to citizens domestically and operate throughout the European Union. For investors and clients, the draft includes provisions for redemption rights (ability to sell crypto-assets back to issuers in cash), transparent information about the nature and risks of crypto-assets, and mandatory procedures for fair and swift complaint handling.
Supporters of the bill frame it as a matter of market security and investor protection. As stated by the government, the rules would help prevent abuse and fraud, while also strengthening national security by limiting possibilities for misuse of crypto-markets for illicit activities.
At the same time, the financial-market law update is expected to lower regulatory burden for banks and investment firms by allowing exemptions from MREL for entities subject to standard bankruptcy procedures, instead of costly restructuring — a move that may reduce costs and simplify compliance.
