The draft law on crypto-assets in Poland has reached the final stages of approval

By: incrypted|2025/05/16 18:45:05
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Poland has published an updated draft law on cryptoassets.It involves the implementation of MiCA regulations, which forms the regulatory framework for crypto assets. According to the expert, the document is on the finishing line and may, if approved, enter into force as early as August. The crypto assets bill has been referred to the Standing Committee of the Polish Council of Ministers, according to the official website. It could potentially be approved as early as May 2025, after which it will be submitted to parliament.This is the draft “Ustawa o rynku kryptoaktywów”, which is actually an implementation of the MiCA regulation approved back in 2023. It is a framework regulation that aims to lay the foundation for the regulation of the crypto asset market in Poland. Its updated version was published on May 14, 2025.The bill covers several fundamental points, including licensing of service providers, disclosure responsibilities and a mechanism for general market oversight.According to the official website of the Center for State Legislation, the bill, already amended by the Legal Committee, has been referred to the Standing Committee of the Polish Council of Ministers for consideration. In a comment to Incrypted, financial regulation lawyer at DLK Legal Kamil Moson explained it this way:“In practice, this means that the government’s internal legislative process is approaching its final stage. The Council of Ministers is expected to adopt the draft this month, after which it will be submitted to parliament.” According to the expert, if the draft law gets the approval of both chambers, it could be adopted by July and enter into force in August. Apparently, the updated version of the bill includes a number of amendments. A memo from Dudkowiak & Putyra Business Lawyers says that the key changes include a grace period and the removal of the ban on lending.Specifically, the transition period for entities on the VASP registry will range from four months to nine months in some cases. Earlier, we reported that the presidential candidate in Poland promised to create a bitcoin reserve in case of his victory. But the National Bank opposed such an idea.Сообщение The draft law on crypto-assets in Poland has reached the final stages of approval появились сначала на INCRYPTED.

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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