Poland set to freeze crypto assets under new sanctions bill
7.1 Regulation Poland’s Sejm passed a bill to freeze crypto assets under sanctions, aligning with EU MiCA rules. The bill awaits Senate review and would empower authorities to freeze digital and traditional assets.
Poland’s lower house of parliament, the Sejm, has passed a government-backed bill to expand the national sanctions framework, explicitly including crypto assets among financial resources that can be frozen. The Act on Restrictive Measures was approved by 240 votes to 202, with one abstention, and now moves to the Senate for review. This legislation aligns with the European Union’s Markets in Crypto-Assets (MiCA) Regulation, defining crypto assets as financial funds subject to freezing during the enforcement of national or international sanctions. Authorities would be empowered to freeze virtual currencies, tokens, and traditional assets of individuals or entities listed on the national sanctions list, with enforcement starting the day after publication. Affected parties can contest their inclusion in an administrative court, but restrictions remain in effect until a final ruling. The bill also broadens the scope of restrictive measures to address security threats, including foreign interference and information manipulation. It is not yet law and requires further legislative approval before implementation.
