PANews, February 28 — According to Bloomberg, Polish online broker XTB said that the political deadlock surrounding the European Union’s Markets in Crypto-Assets Regulation (MiCA) is hindering its crypto business expansion. XTB plans to launch crypto trading in Poland but has postponed it due to the country’s failure to align its regulations with MiCA. Polish President Karol Nawrocki has vetoed the relevant legislation twice, and financial regulators warn that if domestic institutions do not obtain licenses from other EU countries by July 1, they may lose the qualification to offer crypto asset services. XTB is considering applying for a crypto license in Cyprus as an alternative, but says this move would weaken its ability to attract customers and market in Poland.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Digital Assets Already Part of U.S. Financial System, Says Fed Chair Nominee Bessent
Abstract: Bessent, Powell’s successor nominee, asserts that digital assets have already become part of the U.S. financial industry and discusses whether they should be incorporated.
Summary: Powell's successor nominee, Bessent, says digital assets are already part of the U.S. financial system when asked about their inclusion.
GateNews11m ago
Poland's Crypto Legislation Stalled as MiCA Alignment Deadline Approaches, Triggering Business Exodus
Poland fails to override Nawrocki's veto on crypto regulation, delaying MiCA alignment by the July 1 deadline as firms relocate to Latvia, Czech Republic, Lithuania, and Malta amid regulatory uncertainty.
Poland's parliament again blocks the crypto regulation by Nawrocki's veto, leaving MiCA alignment to a future date and spurring domestic firms to move operations to other EU member states. The dispute centers on concerns about overregulation and broad KNF powers, intensifying political tensions and accelerating crypto outflows before MiCA's transition ends.
GateNews16m ago
A certain CEX obtains a U.S. MSB license and advances compliance framework development
A certain trading platform has been awarded a Money Services Business license by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) for its cryptocurrency asset services. The license authorizes the platform to conduct crypto-asset business in the U.S. and other jurisdictions. The license indicates that its anti-money-laundering and user protection standards are up to par, with KYC, funds tracking, and continuous monitoring already integrated. It has deployed a multi-node infrastructure, business segregation, and real-time alerting, while risk controls have been optimized to support high-concurrency trading. It also plans to expand into emerging markets through localization and multilingual services, bringing crypto trading into the international financial system.
GateNews46m ago
South Korea's National Tax Service Launches Tender for Crypto Asset Tax Evasion Tracking Software
Gate News message, April 21 — South Korea's National Tax Service has issued an urgent procurement tender for crypto asset tax evasion response transaction tracking software, according to the country's national comprehensive e-procurement system. The project budget is set at 146.5 billion Korean
GateNews1h ago
Philippines SEC Warns Against dYdX and Six Other Unregistered Crypto Platforms
Gate News message, April 21 — The Philippine Securities and Exchange Commission (SEC) has warned the public against using dYdX and six other cryptocurrency platforms, stating they are not registered or authorized to solicit investments from local users. The warning aims to protect Filipino
GateNews2h ago
UK Brings Stablecoins and Tokenized Deposits Under Unified Payment Regulatory Framework
Gate News message, April 21 — The UK Treasury announced plans to bring stablecoins and tokenized deposits under a unified regulatory framework alongside traditional payment services. The framework will regulate stablecoins used for payments through a new stablecoin issuance regime and expand the
GateNews3h ago
