Poland’s lower house, the Sejm, passed the Act on Restrictive Measures by 240 votes to 202, with one abstention, on a Friday ahead of November 10, Bitcoin Magazine reported. It is a government bill that also implements EU sanctions rules. Cointelegraph reported that it explicitly lists crypto assets, as defined under the EU’s MiCA regulation, among the funds authorities can freeze, and that it builds on a 2022 sanctions law linked to Russia’s invasion of Ukraine. It is not the separate crypto-asset market bill.
Under the text, as described by Bitcoin Magazine, the interior minister can add people and entities to a public national list, on his own initiative or at the request of agencies such as the financial watchdog or the intelligence unit. A decision takes effect the day after posting and is immediately enforceable. A listed person can appeal to an administrative court, but the decision stays in force until a final judgment. Banks and exchanges face fines for failing to freeze assets. The text does not give officials access to keys for self-custodied coins, Bitcoin Magazine reported.
Grounds for listing include supporting a country under EU sanctions, serious human rights abuses and information manipulation threatening national security.
The Senate received the bill on Monday and has 30 days to adopt, amend or reject it. If it passes, it goes to President Karol Nawrocki. Bitcoin Magazine noted that he vetoed the separate crypto-assets market bill, a dispute over licensing and supervision.
Track the market yourself with AiTraderView’s FREE tools: Crypto Cockpit for charts and 75+ indicators, Crypto Screener to find setups, and Crypto Portfolio to follow your holdings. Just create a FREE account and try them yourself!
Sources:
⚠️ RISK WARNING & AI DISCLOSURE
- This information is generated by Artificial Intelligence (AI) and complex algorithms. While advanced, these systems can contain errors or inaccuracies and are for educational purposes only.
- Technical analysis provides no guarantees; this information is purely informative.
- All discussed scenarios are hypothetical and do not constitute predictions or expectations.
- Past performance is not an indicator of future results.
- This is not financial advice and is not intended as a call-to-action for the reader.
- No implicit direction is claimed, and no specific behavior of market participants is suggested.