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Poland has not yet completed the MiCA supporting legislation, and some crypto companies plan to relocate overseas.
Golden Finance reports that on April 22, the Polish Parliament still has not passed the domestic legislation supporting the EU’s “Crypto Asset Market Regulation Framework” (MiCA), making Poland the last member state of the European Union to have not completed related legislation. As the MiCA transition period will end on July 1, if the bill remains stalled, local crypto companies may face greater obstacles in complying with regulations in the European market, and some companies are already considering relocating to countries like Latvia and the Czech Republic. Previously, Polish President Karol Nawrocki vetoed the bill twice, citing concerns that the regulatory burden was too heavy and could impact small businesses.